Mobile UPI  |   About UPI  |   UPI en Español  |   UPI Arabic  |   UPIU  |   My Account
Search:
Go

OMV makes oil and gas find in the Atlantic

|
|
 
  
Published: Nov. 2, 2009 at 11:49 AM
Advertisement

VIENNA, Nov. 2 (UPI) -- Austrian energy giant OMV announced Monday it discovered gas and oil at its first deepwater exploration in a region west of the Shetland Islands.

OMV through its subsidiary OMV (UK) Ltd. announced the discovery of gas and oil in the Tornado well. The well reached a total depth of 8,655 feet.

Helmut Langanger, the OMV executive board member charged with exploration and production, expressed his pleasure with the success of the first deepwater well in the region.

"This proves that OMV can perform exploration operations also in challenging offshore areas," he said.

The company said the discovery at the Tornado well follows a two-year drilling and exploration campaign in the Atlantic. The region includes the Rosebank and Cambo discoveries, which OMV considers "good candidates for development."

OMV is a partner in the Tornado well with Dana Petroleum and other regional interests. Data from the Tornado discovery is under review to determine its commercial viability.

© 2009 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.

Order reprints
  
Join the conversation
Most Popular Collections
The making of the Oscars The Chicago Auto Show The Tibetan Moniam Festival in China
Additional Energy Resources Stories
1 of 21
President Obama Signs Smuggling Prevention Act at White House
View Caption
fark
Man breaks into home, then vacuums and folds laundry (possibly with a menacing scowl on his face)...
It's starting to look as if the roles are now reversed - that Obama is Lucy with the football, and...
You're a female air traveler and there's no female TSA agent to screen you? No problem, there's...
Despite their efforts to convince you otherwise, many "foodies" can't, in a blind taste test, tell...
Photoshop this urban underground dweller
Kim Jong Un Dead. I repeat - Un Dead