OMV AG Discovers Oil Amidst The Turmoil In LibyaHira Shahnawaz Akhtar
OMV AG (OTCMKTS:OMVKY) (ETR:OMV) (FRA:OMV) announced today that it has made the first oil discovery in Libya since the revolution started in 2011. This discovery lies in the Murzuq basin and is located 800 km south of the capital city.
Figure 1: Map of Libyan Oil Infrastructure
OMV states that Repsol will proceed with further drilling in the area
The block NC115, where the discovery was made, is operated by Repsol SA (OTCMKTS:REPYY) (MCE:REP) in partnership with OMV AG (OTCMKTS:OMVKY) (ETR:OMV) (FRA . . .
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