OMV Takes Over Part Of Hess' Portfolio In The UKHira Shahnawaz Akhtar
OMV AG (ADR) (OTCMKTS:OMVKY) is expanding its asset base in the UK core area. OMV has recently reached an agreement with Hess Corp. (NYSE:HES) to acquire four licenses in the West of Shetland (WoS) area in the United Kingdom. These four licenses include two blocks in Cambo and two others in the Blackrock prospect which have been acquired at a total cost of USD 50 million.
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