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OMV to Take Over Offshore Block in Madagascar

Published: September 2, 2013; 10:21 · (Vindobona)

OMV acquires interest in offshore Madagascar block

OMV to Take Over Offshore Block in Madagascar / Picture: © OMV AG

OMV, the integrated, international oil and gas company, is to invest in an offshore exploration block west of Madagascar. OMV will acquire a 40% stake in the "Grand Prix" block from Niko Resources Ltd (Niko). This acquisition is in line with OMV’ s strategy "profitable growth" to develop a balanced Exploration & Production portfolio and opportunities also in the sub-Saharan…

This article includes a total of 340 words.

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