OMV and Wintershall Seek Sour Gas in Abu Dubai

The Abu Dhabi National Oil Company (ADNOC), and units of Austria's OMV AG and Germany's Wintershall Holding GmbH,  have signed a Technical Evaluation Agreement to appraise the sour gas and condensate field in Shuwaihat, located some 25 km to the West of Ruwais in the Western Region of Abu Dhabi.

Wintershall, as operator,will conduct the appraisal phase with OMV as an equal partner by drilling up to three appraisal wells and acquiring 3D-seismic over the field. In the case of a successful appraisal campaign, ADNOC will participate in the development and production phase of the Shuwaihat field.

OMV CEO Gerhard Roiss said: “The signing of our first upstream joint venture in Abu Dhabi underlines our exploration and production strategy in the Middle East and strengthens relations with the United Arab Emirates and ADNOC. The close partnership with the International Petroleum Investment Company (IPIC) is already a central element of our success, as illustrated by the shareholder relationship we have had for many years and our partnership in the petrochemicals industry.”