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Thursday, August 3, 2017
August 2 marks the date that OMV is officially divested of its stake in Tunisia’s Ashrtart oil field. The company closed the sale of its 50% stake in the Ashtart oil field, an offshore field in the Gulf of Gabes, as well as its 50% stake in the operating company SEREPT to Perenco.
OMV´s average net production from Ashtart was 3,000 boepd in 2016. The economic effective date of the transaction is January 1, 2016. The parties agreed not to disclose the value of the transaction. The remaining 50% stake in both Ashtart and SEREPT continues to be held by state-run oil and gas firm ETAP, following the transaction.
The company did say that it is committed to further invest into the development of resources in Tunisia and in particular in southern Tunisia with the objective to increase production and reserves levels. OMV is working in the development of the Nawara concession within the Jenein Sud exploration area which contains a number of discoveries.
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