OMV, Murphy acquire blocks offshore Namibia

OMV AG and Murphy Luderitz Oil Co. Ltd. have acquired 65% interest in Blocks 2613A and 2613B offshore Namibia from Brazil’s Cowan Petroleum.

Murphy will operate the joint venture with 40% interest, OMV will hold 25% interest, Cowan will retain 20%, and the remaining 15% will be held by Namibian national oil company Namcor.

The joint venture partners will conduct an extensive 3D seismic program starting in the second quarter.

“Offshore Namibia offers great exploration potential as it is largely unexplored, yet has all the elements of an effective hydrocarbon system. The transaction is fully in line with our growth strategy and our focus on the North Sea region, Black Sea, and opportunities like these in Sub-Saharan Africa,” said Jaap Huijskes, OMV executive board member responsible for exploration and production.

OMV acquired interests in Madagascar and Gabon in 2013 (OGJ Online, Aug. 30, 2013; Dec. 18, 2013).

Related Articles

Sinopec, FTSI form JV to tap China’s unconventional resources

06/11/2014 Sinopec Group has entered into a 15-year joint venture agreement with FTS International (FTSI), Ft. Worth, with the intention of tapping into the C...

ConocoPhillips, Suncor join Shell in deepwater exploration off Nova Scotia

06/11/2014

ConocoPhillips and Suncor Energy Inc. are joining Shell Canada as partners in exploring the deepwater Shelburne basin off Nova Scotia.

Eni farms into permit offshore South Africa

06/10/2014 Eni SPA has agreed to acquire 40% interest and operatorship in exploration right permit 236 (ER236) offshore South Africa’s east coast from Sasol P...

BHP Billiton farms into deepwater Trinidad and Tobago blocks

06/06/2014 BHP Billiton Ltd. has acquired a 70% stake in BP Trinidad & Tobago’s (BPTT) two deepwater blocks off Trinidad and Tobago’s east coast, leaving ...

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