OMV and partners start seismic acquisition activities offshore Bulgaria
June 25, 2013 - 10:00 am (CET)
- Start of seismic acquisition activities in the western part of the Black Sea
- Major step to explore hydrocarbon resources in 1-21 Han-Asparuh Block
- Planned 3D seismic for 7,740 km2
The joint venture partners in the 1-21 Han-Asparuh exploration block, offshore Bulgaria, consisting of OMV (Operator) 30%, Total 40% and Repsol 30%, completed the procurement phase for the offshore exploration seismic activities and will start the 3D seismic acquisition campaign on June 25.
The 1-21 Han-Asparuh Block is located deep offshore in the Bulgarian sector in the western part of the Black Sea and covers an area of 14,220 km² with water depths up to 2,200 m. The plan is to acquire a total of 7,740 km² of 3D seismic.
Jaap Huijskes, member of the OMV Executive Board responsible for Exploration and Production: "We are looking forward to starting a seismic campaign that will enable us and our partners to define the drilling locations for the two exploration wells that are planned during the exploration period in order to assess potential hydrocarbon resources in this part of the Black Sea."
Background information:
OMV Aktiengesellschaft
With Group sales of EUR 42.65 bn and a workforce of around 29,000 employees in 2012, OMV Aktiengesellschaft is Austria’s largest listed industrial company. In Exploration and Production, OMV is active in two core countries Romania and Austria and holds a balanced international portfolio. OMV had proven oil and gas reserves of approximately 1.12 bn boe as of year-end 2012 and a production of around 303,000 boe/d in 2012. In Gas and Power, OMV sold approximately 437 TWh of gas in 2012. In Austria, OMV operates a 2,000 km long gas pipeline network with a marketed capacity of around 103 bcm in 2012. With a trading volume of around 528 TWh, OMV’s gas trading platform, the Central European Gas Hub, is amongst the most important hubs in Continental Europe. In Refining and Marketing, OMV has an annual refining capacity of 22 mn t and as of the end of 2012 approximately 4,400 filling stations in 13 countries including Turkey. OMV further strengthened its position through the ownership of a 97% stake in Petrol Ofisi, Turkey’s leading company in the retail and commercial business.