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OMV acquires West of Shetland licenses from Hess

21.03.2014 / Energyboardroom

OMV AG has reached an agreement with Hess Corp. to acquire four licenses in West of Shetland, UK, including Cambo field and the Blackrock prospect, for $50 million. Depending on future developments, a contingent payment of as much as $35 million is possible, OMV said.

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