OMV Eyes Further Cooperation with Gazprom

\OMV sees scope for further cooperation with Gazprom, the Austrian oil and gas group's exploration and production head said on Monday, hours after agreeing to buy into a Gazprom-majority owned gas field for $1.85 billion.

 

OMV is also working on swapping a stake in its Norwegian holding for a stake in another Siberian field with Gazprom.

 

When asked if the Austrian group could envisage more projects in which it uses its expertise in shallow drilling, especially in mature fields, to help Gazprom, Johann Pleininger said:

 

"You view this the right way. There is room for further cooperation with Gazprom."


(Reporting By Shadia Nasralla,; editing by Kirsti Knolle)