Middle East Economic Survey


No 30



OMV Reports 2nd Oil And Gas Discovery This Year

Austrias OMV on 19 July announced its second oil and gas discovery in the Jenein Sud Block in southern Tunisia this year. In March the company reported a discovery at its Warda 1 exploration well that showed an initial flow rate of gas and liquids at 1,625 boe/d and 1,500 b/d of 54 API crude oil (MEES, 3 April). The new discovery was made at the Nawara 1 exploration well where a combined...