AUSTRIAN energy leader OMV is selling its Asia Pacific upstream assets, becoming the latest industry heavyweight to pull the plug on, or scale back, exploration and production ventures in the region. Up for grabs are OMV's half share in SapuraOMV Upstream -the 50:50 joint venture with Malaysia's Sapura Energy - that holds producing gas condensate assets offshore Malaysia. The joint venture operates Block SK 310 offshore Sarawak, East Malaysia, and jointly operates nearby Block SK 408 with Shell.
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