Middle East Economic Survey


No 4



OMV Discloses Oil Strike On Mehr Block In Western Iran

Austrias OMV has announced an oil discovery with its first exploration well in Iran, the Band-e-Karkeh No 2, drilled on the Mehr license area in Khuzestan province. In a statement on 14 January, OMV said the well reached a total depth of 4,148ms: Subsequent testing of the reservoir yielded an average flow rate of 1,040 b/d of 22 API oil. In 2005 OMV plans to drill two more...