OMV considers Asia-Pacific E&P exit

Feb. 28, 2023
OMV expects the sales process to take place over the next months, although any transactions would remain subject to the approval of the company’s supervisory board and of governmental authorities.

Offshore staff

VIENNA, Austria  OMV’s board is examining a potential sale of the company’s E&P interests in the Asia-Pacific region.

These include a 50% stake in the issued share capital of SapuraOMV Upstream in Malaysia and 100% of the shares in OMV New Zealand.

In cooperation with competent regulators and governmental authorities, the company may initially invite certain parties to submit expressions of interest, followed by late binding offers.

OMV expects the sales process to take place over the next months, although any transactions would remain subject to the approval of the company’s supervisory board and of governmental authorities.

02.28.2023