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OMV sells Petrol Ofisi E & P Ltd to Tiway A/S


26 November 2012

OMV (OMV Petrol Ofisi A.Ş.) has sold Petrol Ofisi E & P Ltd (Petrol Ofisi Arama Üretim Sanayi Ve Ticaret A.Ş.) to Tiway A/S.

The principle asset of Petrol Ofisi E & P Ltd is a 26.75% interest in the South Akçakoca Sub-Basin gas fields, offshore Black Sea, which are operated by TPAO. The consideration for the sale has not been disclosed.

Stellar acted as advisor to OMV.