- Further growth in E&P business with interests in two exploration licenses in Pakistan
- OMV now with a total of eight licenses in Pakistan
- Further step for strengthening OMV's core region Middle East
OMV, Central Europe's leading oil and gas group, is strengthening its E&P portfolio with the acquisition of interests in license Kalat (OMV´s share: 30%) and the license Barkhan (OMV´s share: 15%), both situated in the province of Beluchistan, southwest Pakistan. The areas are underexplored but considered as highly prospective drilling areas. OMV will be part of international joint ventures with Pakistan Petroleum Limited (PPL) as operator. Extensive 2D seismic as well as geophysical surveys are planned to investigate potential drilling targets.
Helmut Langanger, OMV Executive Board member responsible for Exploration and Production stated: "These new exploration licenses acquire acreage with highly attractive exploration potential. It enables us to proceed with our plans for further growth in Pakistan, where OMV is currently the biggest international gas producer."
Both blocks, Kalat (2,482 km2) and Barkhan (2,105 km2), comprise several structural leads and multiple target reservoirs. The joint venture will start with 2D seismic operations in the Barkhan license at the beginning of August. Detailed geophysical surveys are planned as a first step for the Kalat block after the completion of the seismic in Barkhan.
Partners in the Kalat license
OMV (PAKISTAN) Exploration GmbH 30%
Pakistan Petroleum Limited, operator 35%
Eni Pakistan Ltd. 35%
Partners in the Barkhan license
OMV (PAKISTAN) Exploration GmbH 15%
Pakistan Petroleum Limited, operator 35%
MND Exploration & Production Ltd. 50%
OMV (PAKISTAN)
OMV (PAKISTAN) Exploration GmbH is a 100% subsidiary of OMV Aktiengesellschaft and has been active in Pakistan since 1991. OMV (Pakistan) employs 568 Pakistanis and 16 expatriates. The activities of OMV are currently concentrated in the Middle Indus Region, where OMV has established itself in a strong position as an operator, but is also expanding in other areas of the country. To date, OMV has invested approximately USD 224 mn in exploration, appraisal activities and field development in Pakistan. Including the two new licenses OMV currently has interests in a total of eight blocks: six are exploration licenses and two of them are development and production licenses in the Middle Indus Basin. Two recent gas discoveries in the Middle Indus Basin are under appraisal. OMV's current production in Pakistan amounts to approximately 17,000 boe/d.