 Sale of OMV Upstream Business in Pakistan to Dragon Prime Hong Kong for a consideration of EUR 157 mn Further step in optimizing OMVâs Upstream portfolio OMV, the international integrated oil and gas company based in Vienna, has agreed to sell its Upstream Business in Pakistan to Dragon Prime Hong Kong. The agreed sale price is EUR 157 mn, whereas in case of a dividend payment to OMV or capital increase by OMV the purchase price will be adjusted. The transaction is subject to conditions, including the relevant regulatory approvals. Closing is expected by end of 2018. OMV Pakistan holds interests in five development and production leases, and operates the producing Sawan, Miano, Latif, Gambat, and Mehar blocks. It further holds interests in five exploration blocks, of which four are operated. The divestment represents a further step in optimizing OMVâs Upstream portfolio. OMV also holds a 10% stake in PARCO, a joint venture between Pakistan and Abu Dhabi in the Downstream business. This stake is not part of the divestment. Click here for OMV Pakistan Factsheet Original article link Source: OMV 
Dragon Prime Hong Kong Limited acquired OMVâs interests in 5 development and production leases, operating the producing Sawan, Miano, Latif, Gambat and Mahar blocks, for US$191 MM. It also has an interest in 5 exploration blocks, with operatorships on 4.