OMV AG is acquiring PT Medco Energi Internasional Tbk’s Tunisian subsidiary for $58 million, giving OMV 100% stake in the Anaguid block in southern Tunisia and other interests.
OMV also acquires Medco’s 20% interest in the Durra production concession and 20% interest in Anaguid, giving it 50% in Anaguid in which Tunisia’s ETAP may take a 50% back-in at predevelopment stage. Closing is expected in a few months.
OMV had acquired Pioneer Natural Resources Co.’s Anaguid interests in February 2011.
Alan Petzet is Chief Editor-Exploration of Oil & Gas Journal in Houston. He is editor of the Weekly E&D Newsletter, emailed to OGJ subscribers, and a regular contributor to the OGJ Online subscriber website.
Petzet joined OGJ in 1981 after 13 years in the Tulsa World business-oil department. He was named OGJ Exploration Editor in 1990. A native of Tulsa, he has a BA in journalism from the University of Tulsa.
