OMV discovers gas in Latif exploration license in Pakistan

Austria-based oil and gas company OMV has discovered gas in the Latif South-1 exploration well located in the Latif exploration license in the Sindh Province of Pakistan, 25km south of the Latif gas field.

The company discovered the presence of hydrocarbons through wireline logging and testing operations.

The well flowed 2,500 boe/d of gas from Lower Goru Intra C Sands at the time of testing.

Following the new discovery, the company aims to explore new opportunities in the area and plans further appraisal work to confirm the size of the discovery.

OMV will use the Latif facilities to transmit the gas to nearby existing processing facilities.

The exploration license is 33.4% held by OMV (Pakistan) Exploration Gesellschaft, a wholly-owned subsidiary of OMV Exploration & Production.

Other joint venture partners in the license include Pakistan Petroleum (33.3%) and Eni Pakistan (33.3%).

OMV executive board member Johann Pleininger said: "We are very pleased with this exploration success.

"The appraisal and development of this discovery will potentially enable us to enhance the production in Pakistan."

OMV, which has group sales of €36bn, has a strong base in Romania and Austria and has other international operations.

The company operates a gas pipeline network in Austria and gas storage facilities in Austria and Germany.

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Image: The exploration license is 33.4% held by OMV (Pakistan), 33.3% by Pakistan Petroleum and 33.3% by Eni Pakistan. Photo: courtesy of OMV Aktiengesellschaft.