Austria’s OMV to test drill following ‘significant’ shale gas find

23 November 2011 17:09  [Source: ICIS news]

LONDON (ICIS)--OMV is to test drill to find out whether a “significant” shale gas find in the Vienna Basin is technically and economically exploitable, the Austrian oil, gas and petrochemical group said on Wednesday.

OMV offered no comment on Austrian national press reports that the reserves are so large that they could cover Austria’s domestic natural gas requirement for up to three decades, but said that “the estimated shale gas resources could make a significant domestic contribution to Austria’s energy supply security”.

“We are currently holding talks with local authorities as part of preparatory work for a pilot [test drilling] project. We will only develop shale gas if the sustainable use of this resource is assured,” said OMV spokesman Sven Pusswald.

The shale gas reserves were located by a geological survey in the area around Poysdorf in the Vienna Basin, which is located between the Alps and the Carpathian Mountains.

By: Will Conroy
+44 20 8652 3214

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly