OMV moves UK focus to West of Shetlands | Oil & Gas Journal

OMV (UK) Ltd. has divested interests in the central UK North Sea to concentrate on the West of Shetlands area.

It has sold its 5% interest in licenses around Beryl oil field to a buyer it didn’t identify for $118 million and its 1.5% interest in Boa oil field to Bridge Energy Ltd. for $18 million.

In a swap with Statoil (UK) Ltd., it acquired a 17.5% interest in License P967 in exchange for a 30% interest in License P726.

P967, operated by Total, includes discoveries called Tobermory and Bunnehaven. OMV operates two licenses contiguous with P967. P726 covers a discovery called Mariner East.

OMV holds interests in Schiehallion oil field under redevelopment by a group led by BP and in three discoveries—Rosebank, Cambo, and Tornado—in the area.

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