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 volume 13, issue #15 - Friday, August 22, 2008

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OMV makes discovery in Tunisia

14-07-08 OMV Aktiengesellschaft has announced the discovery and successful testing of condensate and gas in its Ahlem-1 exploration well in the Jenein Sud exploration permit in Southern Tunisia.
This is the third successful discovery in the permit within the last two years and highlights the potential of this block, which is operated by OMV (Tunesien) Exploration.

The exploration well reached a total depth of 4,020 m and encountered a total of 36 m net gas and condensate pay in several layers at depths ranging from 3,700 m to 3,980 m. Further exploration and appraisal activities are planned in the area, including the acquisition of 3D seismic and drilling of additional wells.
Helmut Langanger, OMV Executive Board Member responsible for Exploration and Production, stated, "I am delighted with this new discovery in our Jenein Sud exploration block as it confirms the potential of this block and reinforces our plans for further growth in Tunisia."

The cumulative flow rate of all layers tested by the Ahlem-1 well amounts to 3,500 bpd of condensate and 120 mm cfpd (20,000 boepd) of gas. Drilling of the next exploration well in the block is expected to commence in July.
Acquisition of 600 sq km of additional 3D seismic is also planned to start. OMV and the Tunisian national oil company ETAP each hold a 50 % interest in the Jenein Sud exploration permit, which covers an area of 1,992 sq km, 700 km south of the Tunisian capital Tunis.

Source: www.rigzone.com / OMV Aktiengesellschaft



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