Royal Dutch Shell Plc  .com Rotating Header Image

hemscott.com: OMV “fundamentally” interested in British Isles E&P licenses, including Shell’

VIENNA (Thomson Financial) – OMV AG said it is “fundamentally” interested in looking at any oil and gas exploration and production (E&P) licenses for the British Isles that are offered up for sale, including any from Royal Dutch Shell PLC.

Shell recently said it is offering interested parties the opportunity to acquire equity by funding work programmes in five of its gas and oil licenses in Ireland, the United Kingdom and the Faroe Islands, including the William oil prospect and the Dooish gas condensate. Shell said that participation offers will be due on Oct 15.

“OMV is fundamentally interested in growing in its core E&P regions and will always look at opportunities that allow it to do so,” OMV spokesman Thomas Huemer said.

Huemer declined to comment on whether OMV intends to bid for the license participation Shell is offering.

Earlier this week, OMV concluded an asset swap with Island Oil & Gas PLC that provides the Austrian company with a 50 pct stake in a deepwater license that includes the Killala prospect, off the coast of Ireland.

[email protected] pkl/am
COPYRIGHT

Copyright AFX News Limited 2007.

http://www.hemscott.com/news/latest-news/item.do?newsId=48500919009787

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

0 Comments on “hemscott.com: OMV “fundamentally” interested in British Isles E&P licenses, including Shell’”

Leave a Comment

%d bloggers like this: