Oil and Gas Market Update for covering entire month of September 2013
- Algeria invites bids for substation contracts ‐ Work will involve supplying and installing
substations at four locations in Algeria.
- OMV farms into Madagascar offshore block ‐ OMV will invest in an offshore exploration block
west of Madagascar, the Austrian firm said in a statement without disclosing the value of the deal. OMV
will acquire a 40 per cent stake in the “Grand Prix” block from Canada’s Niko Resources Ltd. “This
acquisition is in line with OMV’s strategy “profitable growth” to develop a balanced Exploration &
Production portfolio and opportunities also in the sub‐Saharan African region,” OMV said in the