OMV announces discovery in UK North Sea

OMV Aktiengesellschaft has announced the discovery of oil and gas reserves in the UK sector of the North Sea. Drilling and data acquisition in block 15/18b have been completed. Together with its partners Nexen, Paladin, and Oilexco, well 15/18b-11 was drilled in July 2005, targeted at the Yeoman prospect.
Sept. 19, 2005

Offshore staff

(UK, North Sea)-OMV Aktiengesellschaft has announced the discovery of oil and gas reserves in the UK sector of the North Sea. Drilling and data acquisition in block 15/18b have been completed. Together with its partners Nexen, Paladin, and Oilexco, well 15/18b-11 was drilled in July 2005, targeted at the Yeoman prospect.

The well discovered 10 m of gas and 16 m of oil pay in Palaeocene Balmoral sandstone. The well flowed up to 1,500 boe/d on test from 5 m. The well data is being evaluated to establish commerciality. The Yeoman discovery is located 220 km northeast of Aberdeen.

09/19/05

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