OMV Norge, operator of production license PL 644, has completed appraisal well #6506/11-11 S on the #6506/11-10 (Iris) gas/condensate discovery. The well encountered a 70-m gas column in Garn with about 50 m of sandstone with reservoir properties…
OMV plans to drill two offshore wells in the shallow waters of the Istria Block XVIII in the Romanian sector of the Black Sea. The two wells have planned depths of about 2,000 m, and area water depth is 50 m. The ventures will target additional…
US has threatened sanctions on companies involved in the project.
The exploration of the Black Sea Neptun block is a joint venture between OMV’s Romanian subsidiary Petrom and U.S. major Exxon Mobil…
Company is betting on a sharp rise in demand for natural gas for power generation.
Delays in obtaining permits from Denmark are blamed for the setback.
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