OMV AG is acquiring PT Medco Energi Internasional Tbk’s Tunisian subsidiary for $58 million, giving OMV 100% stake in the Anaguid block in southern Tunisia and other interests.
OMV also acquires Medco’s 20% interest in the Durra production concession and 20% interest in Anaguid, giving it 50% in Anaguid in which Tunisia’s ETAP may take a 50% back-in at predevelopment stage. Closing is expected in a few months.
OMV had acquired Pioneer Natural Resources Co.’s Anaguid interests in February 2011.