OMV Starts Offshore Oil Production in United Arab Emirates

Thursday, September 27, 2018

Austria's OMV started production at Abu Dhabi's SARB and Umm Lulu's offshore oil fields, expecting to produce 25,800 barrels per day by year-end, it said on Thursday.

The gas and oil group took a 20 percent interest in the two oilfields off the United Arab Emirates under a $1.5 billion deal agreed with the Gulf state's national oil company ADNOC in April.

OMV will initially produce 10,000 barrels per day and expects to increase its output to 43,000 barrels per day by 2023.


(Reporting by Kirsti Knolle ; Editing by Tassilo Hummel)

Categories: Middle East Oil Offshore Offshore Energy Activity

Related Stories

BOEM Advances Second OBBBA Offshore Lease Sales

QatarEnergy, Petronas Ink 20-Year LNG Supply Agreement

TotalEnergies Hires Fugro for North Sea Offshore Wind Survey

Current News

Chevron Signs Oil Exploration Deal in Syrian Waters

Oil Companies Snap Up West African Blocks in Search for Next Big Thing

BOEM Advances Second OBBBA Offshore Lease Sales

Boskalis Subsea Services Launches Collective-Based Model for North Sea Decommissioning

Subscribe for OE Digital E‑News