Helmut Langanger, OMV Executive Board member responsible for Exploration and Production stated: "We are well on track to build a strong position as exploration operator in the Barents Sea and secure high quality exploration acreage in the Norwegian Sea and the North Sea."
OMV opened an office in Oslo in March 2006. Two licenses (PL 430, PL 439) were awarded to OMV early 2007. The recently awarded license in the Barents Sea (PL 449) comprises three blocks, which will be operated by OMV (70%) with Discover Petroleum AS (30%) as a partner. The license in the North Sea (PL 445) will be operated by Nexen Exploration Norge AS (40%) with OMV (30%) and Maersk Oil Exploration Norway AS (30%) as partners. All the licenses are located in prospective areas. Work on the blocks will commence in autumn 2007 with the acquisition of a 3D seismic survey.
OMV shares in the awarded blocks:
PL 449: Norway/Barents Sea (blocks 7121/03, 7122/01 and 7122/02 (parts))
PL 445: Norway/North Sea (blocks 33/2 and 33/3)
OMV (Norge) AS is a wholly owned subsidiary of OMV Exploration & Production GmbH, established in 2005 and headquartered in Oslo. OMV (Norge) AS has currently interests in four licenses: two in the Barents Sea, one in the North Sea and one in the Norwegian Sea.
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