OMV Starts Offshore Oil Production in United Arab Emirates

Published

(Photo: OMV)
(Photo: OMV)

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)

Current News

Talos Energy Farms Into Mexico’s Offshore Oil Block via Repsol Deal

Talos Energy Farms Into Mexico

Eni, TotalEnergies Greenlight Cronos Gas Development off Cyprus

Eni, TotalEnergies Greenlight

Baker Hughes Sees Lower Oil and Gas Spending in 2026

Baker Hughes Sees Lower Oil an

Saipem Cuts Earnings Outlook as Middle East Costs Rise

Saipem Cuts Earnings Outlook a

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine