OMV finds hydrocarbons at Hanssen well in Norway

• Discovery estimated at up to 50 million boe of recoverable resources
• Third well drilled in license PL 537
• Wisting area: potential of 200-500 mn boe is confirmed

OMV (Norge) AS, operator of production license 537, is in the process of completing drilling of wildcat well 7324/7-2 Hanssen. The Hanssen discovery was made about 7 kilometers northwest of the 7324/8-1 Wisting Central oil discovery and about 315 kilometers north of Hammerfest.

"I am excited about the confirmation of the potential of the Wisting area. OMV’s strategy in establishing Norway as a core country for the exploration and production business is advancing very well", says Jaap Huijskes, OMV Executive Board member responsible for Exploration and Production. The Hanssen well is the third well drilled in production license 537, which was awarded in the 20th licensing round in 2009. The well was drilled to a vertical depth of 1,679 meters below the sea surface and terminated in the Snadd Formation of Middle Triassic age. Water depth is 417.5 meters.

The main objective of the well was to prove hydrocarbons in Middle Jurassic to Late Triassic reservoir rocks (Stø, Nordmela and Fruholmen Formations), with the secondary objectives in Late to Middle Triassic reservoir rocks (Snadd formation).

The well encountered a 20-25 meter gross oil column in the main target (Stø Formation), which showed good reservoir properties. A successful formation test has been carried out in the Stø Formation.

Preliminary calculations estimate the size of the Hanssen discovery in the Stø Formation to be between 20 and 50 mn boe of recoverable resources, largely oil.

The well will now be permanently plugged and abandoned.

OMV (Norge) AS as operator has a 25% share in the license; our joint venture partners are Petoro, Idemitsu, Tullow (each 20%) and Statoil (15%).

Background information:

OMV Aktiengesellschaft
With Group sales of EUR 42.41 bn and a workforce of around 27,000 employees in 2013, OMV Aktiengesellschaft is Austria’s largest listed industrial company. The Exploration and Production business segment has a strong base in Romania and Austria and a growing international portfolio. 2013 daily production stood at approx. 288,000 boe/d. OMV operates a gas pipeline network in Austria and gas storage facilities in Austria and Germany with a capacity of 2.6 bcm. In Refining and Marketing OMV has an annual refining capacity of 17.4 mn tonnes and as of the end of 2013 approximately 4,200 filling stations in 11 countries including Turkey.

OMV in Norway
OMV (Norge) AS is a wholly owned subsidiary of OMV Exploration & Production GmbH, established in 2006 and headquartered in Stavanger. OMV holds production shares in Gullfaks and Gudrun, both fields are operated by Statoil. OMV Norge is partner in the ongoing field development projects Aasta Hansteen, Zidane, Edvard Grieg and in the Polarled infrastructure project and focuses its exploration activities in the more frontier areas of the Northern Norwegian Sea and the Barents Sea. OMV (Norge) AS currently has interests in 36 licenses; nine licenses are operated by OMV.