OMV Announces Major Gas Discovery In Norwegian Sea

Austria's integrated energy company OMV (OTCPK:OMVJF) has announced a major natural gas discovery in the Norwegian Sea. In a statement released on Friday, OMVB said it had found preliminary estimated total recoverable natural gas volumes of up to 140 million barrels of oil equivalent (boe) after completing a drilling operation in the Norwegian Sea targeting its Haydn/Monn exploration prospects. The deepwater prospect is located 300 km west of the Norwegian mainland at a water depth of 1,064m. "This latest commercial discovery will further advance…