OMV sells E&P assets in Qatar

OMV has signed an agreement with Marubeni Corp. of Japan for its 7.5% interests in block 12 and 13 in Qatar. OMV´s share of production was 1,100 bbl/d. The disposal is part of OMV's E&P portfolio rationalization. The partners agreed not to disclose the sales price. Completion of the transaction is subject to approvals by the Qatar Government and the consortium partners.
Aug. 23, 2005

Offshore staff

OMV has signed an agreement with Marubeni Corp. of Japan for its 7.5% interests in block 12 and 13 in Qatar. OMV´s share of production was 1,100 bbl/d. The disposal is part of OMV's E&P portfolio rationalization. The partners agreed not to disclose the sales price. Completion of the transaction is subject to approvals by the Qatar Government and the consortium partners.

The Qatar assets were acquired by OMV in 2003, as part of the acquisition of the international E&P portfolio of Preussag Energie Int. GmbH. They comprise non-operated working interests of 7.5% in the producing block 12 Al Rayyan Field and in the exploration block 13. Both blocks are located in shallow water offshore Qatar.

08/23/05

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