OMV, Ukraine firms to seek Black Sea block

July 14, 2005
OMV AG and Ukrainian oil and gas companies NJSC Naftogas and NSC Chornomornaftogaz have signed an agreement to jointly bid this year for a production-sharing agreement in a Black Sea block off Ukraine.

By OGJ editors
HOUSTON, July 14 -- OMV AG, Austria, and Ukrainian oil and gas companies NJSC Naftogas and NSC Chornomornaftogaz have signed an agreement to jointly bid this year for a production-sharing agreement in a Black Sea block off Ukraine.

The area of interest is the Skifska Block, between the Ukraine-Romania border and the Crimean peninsula. Water in this area is 100-2,000 m deep.

NJSC Naftogas and NSC Chornomornaftogaz have worked with OMV since 2002.