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OMV

OMV has discovered natural gas and condensate at well 6506/11-10 in License PL 644B offshore Norway. The company-operated well targeted the Cretaceous Hades prospect and the Jurassic Iris prospect directly beneath it. The preliminary results showed a discovery of 20 million to 115 million recoverable BOE for Hades and 20 million to 130 million recoverable BOE for Iris with “very good” reservoir properties, OMV said. The project venturers are reviewing the discovery data to decide upon potential appraisal drilling. OMV has a 30% working interest in License PL 644/644B, with other interests held by Statoil (30%), Faroe Petroleum (20%), and Spirit Energy (20%). The prospects had been in Faroe’s portfolio for years and were previously known as Aerosmith and Zappa, respectively.


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