OMV Expands in Ireland
Posted: 22 August 2005
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OMV is expanding its activities in the Atlantic Margin, one of its international core regions. OMV (IRELAND) Exploration GmbH, a wholly owned subsidiary of OMV, has been awarded a new exploration licence, located off the north west coast of Ireland, by the Department of Communications, Marine and Natural Resources.
The new licence 2/05 is located in the deepwater area (2000m water depth) of the Irish Rockall Trough, approximately 150 km off the coast of Donegal and covers four blocks in an area of
932 km². OMV has a 10% interest, together with joint venture partners, Shell E& P Ireland Limited (operator) and Eni Ireland BV . The new licence is adjacent to Licence 2/94 which is held by the same joint venture, and contains the 2002 Dooish discovery, which is currently under evaluation.
An active exploration program will be pursued over the coming years and preparations to commence a 3D seismic survey early in the 2006 season will begin shortly.
Helmut Langanger, OMV Executive Board member responsible for Exploration and P r oduction stated: "We are delighted with this award. It further increases our position in Ireland and along the Atlantic Margin, providing a significant opportunity for future growth.”
Posted by Editor Pipeline Magazine
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