Uchenna Izundu
International Editor
LONDON, Mar. 11 -- OMV AG has secured another offshore exploration license in the Norwegian Sea, bringing its total allocation to five under the recent Awards in Predefined Areas licensing round.
OMV (Norge) AS will operate Block PL 471 and will work with Sagex Petroleum Norge AS on a 50-50 basis.
Helmut Langanger, OMV executive board member responsible for exploration and production, said the license strengthens the company's E&P position in this core region. OMV described the block as being in a prospective area.
Contact Uchenna Izundu at [email protected].
