OMV has strengthened its position offshore Norway by acquiring a 30% interest in the PL 301CS exploration licence from Talisman and DONG.
The new license is located in the Norwegian North Sea, approximately 300 km south-west of Stavanger and less than 30 km north-east of the producing UK Jade field, in which OMV holds an interest.
The previous license holders, Talisman as operator and DONG, retain an interest of 42% and 28%, respectively. The agreement is subject to final approval of the Norwegian authorities. This acquisition is part of an expansion of OMV’s E&P portfolio which is in line with the Company’s growth strategy.