OMV due interests in four blocks off Gabon

OMV will help fund drilling of three wells next year on four exploratory blocks offshore Gabon from which it has agreed to acquire interests from operator Ophir Energy PLC, London.

The Austrian company will acquire 10% interests each in the Mbeli and Ntsina blocks and 30% each in the Gnondo and Manga blocks.

Ophir will remain operator and retain 70% interests in the Manga and Gnondo blocks and 40% in the Mbeli and Ntsina blocks, in which Petrobras holds 50% interests.

Work plans for 2014, in addition to the three wells, include 3D seismic surveys on all four blocks, which cover 12,000 sq km.

OMV will pay past costs and a promoted share of the well costs on the Padouck Deep well, a presalt test on the Ntsina Block;  the Affanga Deep well in the Ogooue Delta play on the Gnondo Block; and the Okala presalt well on the Mbeli Block. OMV also will pay a promoted share of the cost of two additional wells and of the 3D seismic surveys.

Drilling of the Padouck Deep well is to begin in February.

Related Articles

Financial questions seen for US shale gas, tight-oil plays

03/25/2014 Financial problems of operators in US shale gas and tight oil plays might hold production growth below current expectations, according to the autho...

BOEM: Firms bid $850 million in high bids in central gulf lease sale

03/24/2014 The US Bureau of Ocean Energy Management reported that its central Gulf of Mexico Lease Sale 231 received 380 bids from 50 companies on 326 blocks,...

Statoil makes gas find on flank of Visund field in North Sea

03/24/2014 Statoil Petroleum AS has made a natural gas discovery on the northeast flank of Visund field in the northern part of the North Sea, the Norwegian P...

CNOOC makes natural gas discovery in Bohai Bay

03/24/2014 CNOOC Ltd. has made what it describes as a “mid-sized” natural gas discovery in the Bozhong 22-1 structure in the south-central region of Bohai Bay.

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!


Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected