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OMV: Oil Discovery in Northern Europe

Published: September 6, 2013; 14:51 · (Vindobona)

Austrian Energy Enterprise OMV has discovered significant amounts of oil in the Barents Sea. Around 200m to 500m barrel are estimated to be exploitable.

OMV: Oil Discovery in Northern Europe / Picture: © OMV AG

OMV has discovered significant amounts of oil at the Barents Sea, on the northern edge of Europe. According to preliminary estimates after exploratory drillings, oil deposits in the amount of 60m to 160m barrel are to be exploited. In the whole licensed site of OMV, PL 537, of which the energy company holds a stake of 25 percent, even up to 200m to 500m barrels are exploitable,…

This article includes a total of 223 words.

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