Austria's OMV has strengthened its E&P position in its core region Northwestern Europe by being awarded two additional offshore exploration licenses in Norway. The new licenses are located in the North Sea and the Barents Sea, the company said
OMV (Norge) AS, a 100% subsidiary of OMV Exploration & Production GmbH, will take responsibility as operator for the license in the Barents Sea. The licenses were awarded by the Norwegian Ministry of Petroleum and Energy in the course of the APA (Awards in Predefined Areas) 2006 round in addition to the two operated licenses, which were awarded earlier this year. This is part of an expansion of OMV's E&P portfolio, which is in line with the Company's growth strategy.
Helmut Langanger, OMV Executive Board member responsible for Exploration and Production stated: "We are well on track to build a strong position as exploration operator in the Barents Sea and secure high quality exploration acreage in the Norwegian Sea and the North Sea."