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OMV to explore off Tunisia

Offshore

Offshore staff

VIENNA, Austria -- OMV Aktiengesellschaft has acquired an 80% interest as operator from Thani Tunisia Sidi Mansour B.V. in the Sidi Mansour exploration license in the Gulf of Gabes offshore Tunisia.

The block covers 6,592 sq km (2,545 sq mi) with water depths up to 60 m (197 ft) and is 30 km (19 mi) north of the producing oilfield Ashtart in which OMV holds an interest. The assignment is subject to approval by ETAP, the Tunisian national oil company, and the Tunisian authorities.

Work on the awarded block is scheduled to begin this year with the acquisition of 500 km (311 mi) of 2D seismic.

04/25/2008