OMV Awarded New Exploration License in Yemen

On December 9, 2006 the Ministry of Oil and Minerals announced the winners of the Third Exploration Licensing Round. OMV as operator was awarded Block 29 in the Jeza-Qamar Basin together with joint venture partner Pakistan Petroleum Limited. Both partners have a 50 percent share in this project. The block is located in the Eastern part of Yemen and covers an area of 9,237 square km. Exclusive negotiations for a Production Sharing Agreement will commence shortly.

OMV has been active in Yemen since the early 1990s. The company has an office in Sana'a, Yemen, with 42 employees, including 19 expatriates.