OMV finds oil and gas at its Tunisian Nawara 1 well

19. Juli 2006, 00:00

OMV, Central Europes leading oil and gas group, has announced on Wednesday a discovery and successful testing of oil...

OMV, Central Europes leading oil and gas group, has announced on Wednesday a discovery and successful testing of oil and gas in its Nawara 1 exploration well in the Jenein Sud Exploration Permit in Southern Tunisia, portofolio.hu reported.

This is the second discovery in the Permit within a year and shows the high potential of this block, which is operated by OMV (Tunesien) Exploration GmbH, a 100 per cent subsidiary of OMV.

The exploration well reached a total depth of 3,970 meter on June 4, 2006 and encountered a total of 25 meter net oil and gas/condensate pay in several layers at depths of 3,600 to 3,900 meter. Further appraisal developments of the area include the acquisition of 3D seismic and drilling of additional wells.

"I am delighted with this second consecutive discovery in our Jenein Sud Exploration Block which is one of our core regions. It confirms the potential of this block and reinforces our plans for further growth in Tunisia," said Helmut Langanger, OMV Executive Board member responsible for Exploration and Production.

The combined flow rate of all layers tested by the Nawara 1 well amounts to 5,970 bbl/d of oil and 58 mn scf/d of gas. The drilling rig has moved off and preparations for further production testing are under way. Acquisition of 3D seismic is expected to start in August this year, and further

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