Project Profile
Location: PEP 53537
PEP 53537 is located west of PEP 51906, which is also held by the same joint venture partners. The OMV-operated Maari oilfield lies 16 miles (25 kilometers) to the southeast of PEP 53537. The work commitments for the new permit include 2D and 3D seismic acquisition and reprocessing in the first 18 months, followed by technical studies. A drill or drop decision must be made by July 5, 2013.
Operators:
OMV: 65% operating interest
Octanex: 35% interest