Pakistan’s Prime Minister Nawaz Sharif inaugurates OMV gas plant

• Pakistan’s Prime Minister Nawaz Sharif officially inaugurates new gas plant
• Mehar (Phase 1) to deliver production of 4,300 boe/d net to OMV in 2014
• OMV, Austria’s largest industrial company, generates more than 10% to Pakistan’s national gas supply

The Mehar gas and condensate processing facilities, located in the very west of the Sindh Province of Pakistan, were today inaugurated by Prime Minister Nawaz Sharif. OMV is the operator of the Mehar concession and holds an interest of 59.2%. Mehar (Phase 1) came on stream by year-end 2013 and is expected to deliver a production of 4,300 boe/d net to OMV in 2014.

Jaap Huijskes, OMV Executive Board Member responsible for Exploration and Production, in Islamabad: "OMV thanks the Honorable Prime Minister Nawaz Sharif and his Government for the strong support and commitment to boost the energy sector in general and for today’s official inauguration of Mehar gas plant in particular. This is an encouraging day for Pakistan’s gas supply and will have a further positive impact on OMV production. OMV has been committed to Pakistan for more than two decades and invested together with its joint venture partners approximately USD 2 bn. I am delighted that the Government of Pakistan has been implementing measures to accelerate domestic developments and by that enable additional domestic energy supply to the people and the economy of Pakistan."

The Mehar Exploration License and Development and Production Lease were acquired by OMV in 2011 in the course of acquiring the entire share capital of Petronas Carigali (Pakistan) Ltd. The Mehar development included the drilling of one additional production well, completion of three production wells, and the construction of a central gas and condensate processing plant in Mehar.

OMV’s joint venture partners in Mehar are GHPL (25%), OPL (11.8%) and ZPCL (4%).

Background information:
OMV Aktiengesellschaft
With Group sales of EUR 42.41 bn and a workforce of around 27,000 employees in 2013, OMV Aktiengesellschaft is Austria’s largest listed industrial company. The Exploration and Production business segment has a strong base in Romania and Austria and a growing international portfolio. 2013 daily production stood at approx. 288,000 boe/d. In Gas and Power, OMV sold approximately 425 TWh of gas in 2013. OMV operates a gas pipeline network in Austria and gas storage facilities in Austria and Germany with a capacity of 2.6 bcm. In Refining and Marketing OMV has an annual refining capacity of 17.4 mn tonnes and as of the end of 2013 approximately 4,200 filling stations in 11 countries including Turkey.
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OMV in Pakistan
OMV (Pakistan) Exploration GmbH, a 100% owned subsidiary of OMV Aktiengesellschaft, started exploration activities in the Province of Sindh in 1991. The first significant gas discovery was made at Miano in the Sukkur District in eastern Sindh province in 1993, followed by the Sawan discovery in 1997. Further discoveries, Latif and Tajjal gas fields, were made in 2007. In 2011, OMV Maurice Energy GmbH acquired Petronas Carigali (Pakistan) Ltd (after acquisition renamed to OMV Maurice Energy Limited), which provided access to the additional fields (Mehar, Rehmat, Saqib) and exploration blocks. At present, the OMV holds an interest in eight exploration blocks in Pakistan. OMV is known in
Pakistan as a socially responsible company with the highest safety and ethical standards. The community development programs in its concession areas focus on education, health, and revenue generation, and have received international awards and recognition.