OMV Successfully Drills Two Wells in the UK North Sea

OMV says that its 100% subsidiary OMV (U.K.) Ltd, together with international partners, has had two recent drilling successes in its core area of Northwestern Europe. Exploration well 204/25a-8 drilled on the Amos prospect, west of Shetlands, with the potential to be commercial due to its proximity to the producing Schiehallion Field, was completed in April 2008 as an oil discovery.  The well was drilled by the semisub Paul B Loyd, Jr.   The Jackdaw appraisal well 30/2a-7 in the Central North Sea has successfully identified hydrocarbon volumes. A sidetrack appraisal well is currently being drilled by the Rowan Gorilla VI and will be completed by the end of 2008. These recent drilling successes are expected to lay the groundwork for future developments.

Helmut Langanger, OMV Executive Board member responsible for Exploration and Production stated: “2008 has seen a substantial increase of commitment by OMV to the United Kingdom offshore areas, and these successes west of the Shetland Islands and in the North Sea are strong evidence of our expected growth in offshore oil and gas reserves and production in coming years.”

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