OMV finds gas in southern Tunisia

Austrian oil and gas producer OMV announced today (Tues) it had discovered natural gas and gas condensate during exploratory drilling in southern Tunisia.OMV said the find had occurred at the Fella-1 field there.OMV board member Helmut Langanger said: “The series of very promising finds in exploration block Jenein South has strengthened our resolve to continue our exploration and production growth in Tunisia, an important country in our core region of North Africa.”Together with Tunisian state oil company ETAP, OMV has a 50 per cent interesĀ  in the Nawara production concession in the block Jenein South, which lies 700 kilometres south of capital Tunis.OMV confirmed reports earlier this month that it was planning a 500-million-Euro bond issue with a 10-year maturity.