Ocean Endeavour spuds Pelican South well in Black Sea

Offshore staff

VIENNA, Austria – OMV says the semisubmersible Ocean Endeavour has started drilling the Pelican South-1 exploration well in the Romanian sector of the Black Sea.

In December, the rig completed theDomino-2 appraisal well in the Neptun block for OMV and partner ExxonMobil, and the partners plan further exploration drilling to evaluate the block’s potential.

This year OMV has budgeted around €500 million ($569 million) for exploration and appraisal. Outside the Black Sea, it will participate in potentially high-impact wells in the Norwegian Sea and the Barents Sea and offshore the Faroe Islands.

Offshore New Zealand, the company says oil production will continue to ramp up at theMaari Growth project, with further wells due to be drilled my mid-2015.

02/19/2015