Austria's OMV Announces Discovery of Gas and Condensate in Pakistan

Austria-based OMV announced the discovery of gas and condensate in the Sofiya-2 exploration well in the Mehar exploration license in Pakistan. 

According to a note released on Thursday, the presence of hydrocarbons was proven through wireline logging and testing operations. 

“We are very pleased with this results. It provides the opportunity to utilize the Mehar gas plant for processing of Sofiya gas and condensate, which should enable cost-effective and accelareted development of this new discovery,” commented Jaap Hujiskes, OMV Executive Board Member responsible for Exploration and Production.

The Mehar field development is in its mechanical completion phase. Production start-up is expected in Q4/13.

The Sofiya-2 exploration well is located in the Mehar exploration licences in the Sindh Province of Pakistan, around 10 km north of the Mehar gas condensate field. OMV holds a 75% stake in the exploration licence, with Ocean Pakistan Limited (15%), Zaver Petroleum Company (5)% and Government Holding Private Limited (5%) holding the remaining shares of the joint venture.