Austria's integrated energy company OMV has announced a major natural gas discovery in the Norwegian Sea
Austria's integrated energy company OMV OTCPK OMV JF has announced a major natural gas discovery in the Norwegian Sea. In a statement released on Friday, OMV B said it had found preliminary estimated total recoverable natural gas volumes of up to 140 million barrels of oil equivalent boe after completing a drilling operation in the Norwegian Sea targeting its Haydn/Monn exploration prospects. The deepwater prospect is located 300 km west of the Norwegian mainland at a water depth of 1,064m.
Back in March, Norway's Aker BP NYSEBP OTCQXAKRBF made a much bigger-than-expected oil discovery in the Yggdrasil area of the North Sea, the energy company reported on Thursday. Preliminary estimates indicate a gross recoverable volume of 40 million-90 million barrels of oil equivalent boe, much higher than the company's earlier projection of between 18 million and 45 million boe.
Natural Gas Norway BP Exploration
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