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OMV to Boost Exploration Appraisal Spend in 2013

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Austria's OMV said Thursday that it will see a significant increase in its exploration and appraisal expenditure during 2013 compared to 2012. Reporting its fourth quarter results for 2012, the firm said its plans include high-impact wells this year at Bonna, Wisting and Apollo in the Barents Sea, as well as at Matuku, offshore New Zealand. OMV said it was expecting a final investment ...

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