OMV, Ukraine firms to seek Black Sea block

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.

July 14, 2005

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.