OMV to not Further Pursue the Acquisition Interest in Achimov 4A/5A Phase

Source: www.gulfoilandgas.com 3/1/2022, Location: Asia

The Executive Board of OMV has decided to not further pursue negotiations with Gazprom on the potential acquisition of a 24.98% interest in the Achimov 4A/5A phase development in the Urengoy gas and condensate field and to terminate the Basic Sale Agreement dated October 3, 2018.

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