OMV’s Shale Gas Test Drilling Will Cost € 130m

Energy › Oil & Gas ♦ Published: December 2, 2011; 15:33 ♦ (Vindobona)

The Austrian energy group sees a 20 percent chance of success for production at the Lower Austrian gas field that was discovered last month.

OMV’s Shale Gas Test Drilling Will Cost € 130m / Picture: © Vindobona.org

OMV is planning to start two shale gas test drillings in Lower Austria in the next two years. The gas would be produced in an ecologically acceptable way: “We want to pursue clean shale gas in Austria”, CEO Gerhard Roiss announced on Friday. Necessary investments will amount to € 130m. The likelihood for successful test drilling is 20 percent. The gas field was discovered in…

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