OMV finds gas in Latif exploration block

Austrian oil and gas company OMV has found gas at the Latif exploration block in Sindh, it said on Monday. The Latif South-1 well had a gas throughput of 2,500 barrels of oil equivalent (boe) a day during testing, the company said in a statement. "This discovery has opened up new exploration opportunities in the area," it said. "Further appraisal work is needed to confirm the size of the discovery." OMV's global production was 309,000 boe a day last year, the company said. OMV has a 33.4 percent stake in the Latif exploration licence. Its partners are Pakistan Petroleum Ltd and Italian energy group Eni, which hold 33.3 percent each.