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OMV reaches production sharing deal in Yemen
November 8, 2012 / 1:57 PM / 5 years ago

OMV reaches production sharing deal in Yemen

VIENNA, Nov 8 (Reuters) - Austrian energy group OMV has struck a production sharing deal for a block in central Yemen, it said on Thursday.

OMV unit OMV Myrre Block 86 Upstream GmbH and its partners Sinopec International Petroleum Exploration & Production Corp, Summit Petroleum Ltd and Yemen General Corp for Oil & Gas signed the accord with Yemen oil ministry for Block 86.

OMV is acting as operator in the new exploration venture with a share of 45.72 percent, it added in a statement.

Block 86 is close to other OMV projects in central Yemen, it said without giving more details. (Reporting by Michael Shields; Editing by Alison Birrane)

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