OMV hits double pay with UK discoveries

A consortium led by Hess Ltd. may declare the Amos oil prospect west of the Shetland Islands as commercial, following completion of its exploration well 4 km north of producing Schiehallion field.

Uchenna Izundu
International Editor

LONDON, Sept. 4 -- A consortium led by Hess Ltd. may declare the Amos oil prospect west of the Shetland Islands as commercial, following completion of its exploration well 4 km north of producing Schiehallion field.

The company completed Well 204/25a-8 and sidetracks 8z and 8y on Block 204/25a as oil discoveries 150 km west of Shetland on Apr. 10. However, no decision has yet been taken on the field's commerciality.

Hess, which has a 47.05% stake, is working with Statoil Exploration (UK) Ltd., OMV (UK) Ltd., and Murphy Petroleum Ltd., each of which hold 17.65% interest.

OMV also is part of a group that is drilling a sidetrack from the Jackdaw appraisal Well 30/2a-7 in the Central North Sea. The well will be completed by yearend. Operator BG International Ltd., with 43.14% stake, will appraise the higher-quality reservoir found in the first appraisal well. These recent drilling successes are expected to lay the groundwork for future developments, OMV said.

Jackdaw is a high-pressure, high-temperature discovery. Partners are Maersk Oil North Sea Ltd. 37.34%, and OMV (UK) Ltd. and GDF Britain Ltd., each with 9.26% stake. ConocoPhillips Petroleum Co. Ltd. holds 1%.

Contact Uchenna Izundu on uchennai@pennwell.com.

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