OMV makes first oil discovery in Iran
Posted: 19 January 2005
OMV has made its first oil discovery in Iran ’s western region of Zagros. OMV (IRAN) onshore Exploration GmbH, a subsidiary of OMV, has completed its first exploration well. This encouraging well is the first drilled by OMV in the “Mehr” exploration block reaching a depth of 4,148 meters.
Mehr Block with an area of 2.500 kms is located in the Khuzestan province. Subsequent testing of the reservoir yielded an average flow rate of 1,040 bbl/day of 22 deg API oil.
In 2005 the company plans to drill two more exploration wells on the same block in order to define the size of the oil field.
Helmut Langanger, board member responsible for exploration and production said, “This discovery provides the basis for further OMV exploration in this oil rich region. This is an encouraging find, underlining the excellent work of our people active in Iran and our use of leading edge exploration technology.”
Two more exploration wells planned
OMV, with 34 per cent stake in the Mehr Block, acts as the operator of an international Joint Venture including Repsol YPF and Sipetrol (both 33 per cent), and is looking forward to evaluating the commerciality of the field.
International E&P activities
OMV owns a balanced international E&P portfolio in 18 countries organized around five core regions, namely the Danube and Adriatic , Northern Africa , the British North Sea, the Middle East and Australia/New Zealand.
Due to the acquisition of 51per cent of Petrom, Romania´s largest oil company, OMV’s daily production volume is approximately 340,000 boe/d, and the company´s reserves are approximately 1.4 bn boe.
Posted by Editor Pipeline Magazine
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