Statoil asset transfer lifts OMV’s North Sea production
OMV has completed the acquisition of a package of interests from Statoil offshore Norway and west of Shetland.
VIENNA, Austria – OMV has completed the acquisition of a package of interests from Statoil offshore Norway and west of Shetland.
This gives OMV 19% and 24 % respectively in the Gullfaks and Gudrun oil and gas fields in theNorth Sea.
Additionally, the company nets 30% in the Chevron-operated Rosebank development and a further 5.88% in the BP-operated Schiehallion field.
OMV and Statoil have also agreed to form an R&D partnership and have left the way open for more farm-in agreements in other exploration licenses.
The transaction lifts OMV’s proven and probable reserves by around 320 MMboe, and its production by roughly 25,000 boe/d. It anticipates further increases to around 40,000 boe/d during 2014 and to 58,000 boe/d during 2016.