Exploration: News for Oil & Gas and Hydrocarbon Industries  Membership Services »
Gulf Oil and Gas grow your business
Home News Events Projects Tenders Unconventionals Community | My Account Gulfoilandgas rss feed Follow us on Facebook  Jobs 
Products and vendors Services and providers Oil & Gas Software and publications

OMV Sells E&P Assets in Qatar

Source: www.gulfoilandgas.com 8/25/2005, Location: Middle East

Share |

OMV, the leading oil and gas group in Central Europe, signed on August 22 a sales agreement with Marubeni Corporation of Japan for its 7.5% interests in block 12 and 13 in Qatar. OMV´s share of production was about 1,100 bbl/d (FY04). The disposal is part of OMV’s E&P portfolio rationalization. The Partners agreed not to disclose the sales price. Completion of the transaction is subject to approvals by the Qatar Government and the consortium partners, which are expected within the next few months. The deal will have commercial effect dating from January 1, 2005.

The Qatar assets were acquired by OMV in 2003, as part of the acquisition of the international E&P portfolio of Preussag Energie International GmbH. They comprise non-operated working interests of 7.5% in the producing Block 12 Al Rayyan Field and in the exploration Block 13. Both blocks are located in shallow water offshore Qatar.

Exploration News in Qatar >>

BP Head Says Russian Business Unaffected by Sanctions
Russia >>  4/15/2014 - Western sanctions over Russia's actions in Ukraine have not impacted BP's business in Russia, chief executive Bob Dudley said, reiterating the oil maj...
BOEM Proposes Western GOM Oil & Gas Lease Sale
United States >>  4/15/2014 - As part of President Obama’s all-of-the-above energy strategy to continue to expand safe and responsible domestic energy production, Bureau of Ocean E...

Angola to Launch Tender for 10 New Onshore Oil Blocks on May 30
Angola >>  4/14/2014 - Angola will start the tender process for onshore oil exploration at 10 new blocks in the Congo Basin and Kwanza Basin on May 30, state oil firm Sonang...
Norway's Statoil Says Business as Usual in Russia
Russia >>  4/14/2014 - Statoil is pushing on with all its projects in Russia, despite the uncertainty of the Crimea crisis, and still expects to drill a new well there this ...

Statoil Finds Gas & Oil Discovery in the Valemon Area
Norway >>  4/11/2014 - Operator Statoil has together with the Valemon Unit partners made a gas and oil discovery in the Valemon Nord prospect in the North Sea. The discovery...
Spike Exploration Finds Oil & Gas Discovery in Four Wells
Norway >>  4/11/2014 - Spike Exploration has, over the last winter, participated in four exploration and appraisal wells, all of which have encountered oil and gas. The Pil ...



Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Land & Leasing  Oil & Gas Companies  Production  Service Companies  Utility Systems  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Qatar Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 |


More News

Oil & Gas Projects in Qatar >>

Oil & Gas Companies in Qatar >>

Related Links

Countries Quick Links

AE BH IL IQ JO KW LB OM QA SA SY YE
Gulf Oil and Gas E-Marketplace - Promote your Business - About Us
Copyright © Universal Solutions All rights reserved. Privacy Policy. - Contact Us