OMV AG (ADR) (OTCMKTS:OMVKY) (ETR:OMV) (FRA:OMV) made an announcement last week of an oil discovery in the Barents Sea in the Norwegian Continental Shelf. The discovery is a phenomenal breakthrough for the region as a whole because it points to the possibility of large potential in the area. Wisting Central was the first well drilled in the Hoop area, where the discovery was made. The discovery marks a new exploration territory and demonstrates exciting potential in the area for other companies operating in the area. Exploration activities are currently being conducted in the area by ConocoPhillips (NYSE:COP), Wintershall and GDF Suez…
New Oil Discoveries In The Arctic
Hira is a financial analyst whose expertise lies in commodity and other financial markets. Hira is currently an independent financial consultant and is working with many international firms like American Arab Solutions (AAS). She has previously served as a Senior Research Analyst at Alternate Research (Pvt.) Ltd. as the Team Leader for the International Equities Research. She has also worked as an equities analyst of Pakistani E&P stocks at Invest Capital Markets. She has experience in business development and conducting feasibility studies in commodity markets, specifically in sugar, palm oil and canola oilseeds. She has cleared all three levels of her CFA (Chartered Financial Analyst) and has an undergraduate degree in Finance.