Austrian OMV Energy Company Offers Gazprom Stake in North Sea Projects

© AFP 2023 / JOE KLAMARAn areal view of the Austrian petrol refinery plant OMV near Vienna
An areal view of the Austrian petrol refinery plant OMV near Vienna - Sputnik International
Subscribe
Austria's OMV oil and gas company's CEO Rainer Seele said that OMV is willing to provide a stake in its North Sea projects to Russia's gas giant Gazprom as part of deal with Gazprom.

Nord Stream gas pipeline launched in Germany - Sputnik International
World
Gazprom, Austrian OMV Certain Nord Stream 2 to Be Built by 2019
ST. PETERSBURG (Sputnik) — Austria's OMV oil and gas company is willing to provide a stake in its North Sea projects to Russia's gas giant Gazprom as part of an asset swap deal, OMV CEO Rainer Seele said Friday.

"This concerns the Norwegian offshore territories in the North Sea. And this concerns operational companies that we would prefer for Gazprom to have a stake in. All of these are working in the energy sector," Seele said after signing a number of documents on cooperation with Gazprom CEO Alexey Miller in St. Petersburg.

In February, OMV stated that it plans to complete an asset swap with Gazprom in 2017, signing an agreement on the terms and conditions of the possible swap giving the Austrian firm a 24.98-percent stake in a project to develop two units at the Achimov gas deposits of the Urengoy field in case of a successful deal.

Outside view of the new headquarters of the Austrian oil and gas giant OMV AG - Sputnik International
OMV Plans to Ramp Up Energy Production in Russia After 2020 – CEO
The second terms and conditions agreement was signed on Friday, outlining the list of assets covered by OMV's Urengoy field interest. The two companies' CEOs also discussed progress made in implementing the Nord Stream 2 gas pipeline project designed to bring gas from Russia to Germany. OMV owns 10 percent stake in the project.

OMV acquired $2.65 billion worth of North Sea assets in 2013. Purchases included 19 percent of the Gullfaks field project and 24 percent of the Gudrun field on the Norwegian continental shelf. The company also took over 30 percent of the Rosebank field project and 5.88 percent of the Schiehallion field near the Shetland Islands. In late 2015, it commenced operations at the Edvard Grieg field, where it has a 20 percent stake.

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала