The Austrian oil and gas company OMV AG (OMV.VI) said Tuesday it and its joint venture partners in an exploration block offshore of Bulgaria will start a 3D seismic acquisition campaign on June 25.

MAIN FACTS:

-The joint venture partners in the 1-21 Han-Asparuh exploration block--consisting of OMV as the operator with a 30% stake, Total S.A. with a 40% stake and Repsol S.A. with a 30% stake--completed the procurement phase for the offshore exploration seismic activities and will start the 3D seismic acquisition campaign.

-The 1-21 Han-Asparuh Block is located deep offshore in the Bulgarian sector in the western part of the Black Sea and covers an area of 14,220 square kilometers with water depths up to 2,200 m.

-The plan is to acquire a total of 7,740 square kilometers of 3D seismic.

-Jaap Huijskes, member of the OMV Executive Board responsible for Exploration and Production, said, "We are looking forward to starting a seismic campaign that will enable us and our partners to define the drilling locations for the two exploration wells that are planned during the exploration period in order to assess potential hydrocarbon resources in this part of the Black Sea."
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