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

Aramco Targets Hormuz Bypass with East-West Pipeline Expansion

UTEC, Sonardyne Tackle GNSS Disruption in Middle East Pipelay Projects

Fraunhofer IFAM Establishes Validation Chain for Autonomous Systems in Offshore Wind

Current News

Meyer Werft Establishes Organizational, Legal Framework for Offshore Converter Business

CM Energy to Supply Cable Lay Equipment for Asso.subsea Vessel

Sub-Saharan Africa: The Majors’ Next Wave of Growth

Worley Lands EPC Contract for Venture Global's CP2 LNG Expansion

Subscribe for OE Digital E‑News