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
Products and vendors Services and providers Jobs

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 >>

Encouraging Gas Shows in Lofin-2 Appraisal Well
  Indonesia >>  3/25/2015 - · Lofin-­2 is at 4867m MD/4763.5m TVDSS and is in the process of cutting a second core in the Manusela Formation primary objective. ...
Pakistan's OGDCL Announces Oil Discovery at the Palli Deep-1 Well
  Pakistan >>  3/25/2015 - Oil and Gas Development Company Limited (OGDCL) has discovered oil from its exploratory well Palli Deep-1, which is located in District Tando Allah Ya...

Murphy Oil's Urca Well in Block 697 Fails to Encounter Hydrocarbons
  United States >>  3/23/2015 - Murphy Oil Corporation announced the results from its recent exploration drilling program. ...
Austin Forms JV with Drilling Company to Develop Austin’s Pierre Shale
  United States >>  3/23/2015 - Pathfinder Prospect, Fremont County, Colorado (100% of 11,5 60 acres) ...

Kangaroo West-1 Exploration Well Reached Total Depth
  Brazil >>  3/20/2015 - Kangaroo West-1 exploration well had reached its planned total depth of 3,170 mRT. Based on mudlog and LWD petrophysical data, no hydrocarbons were in...
Gulfsands Petroleum Provide Corporate Update
Morocco >>  3/20/2015 - Gulfsands Petroleum plc, the oil and gas production, exploration and development company with activities in Morocco, provides the following update on ...



Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  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 B2B marketplace:   About -  Advertising -  Competitive Intelligence -  Talent Solutions -  Membership Services Follow us on Facebook
Copyright © Universal Solutions All rights reserved. Privacy Policy. - Contact Us  Gulfoilandgas rss feed