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

Shearwater Nets ExxonMobil’s Seismic Survey Contract Offshore Guyana

Shearwater Nets ExxonMobil’s S

Taihan Cable Signs HVDC Cooperation Deals with Jan De Nul and Boskalis

Taihan Cable Signs HVDC Cooper

TGS Books 3D Streamer Seismic Job in Africa and Middle East region

TGS Books 3D Streamer Seismic

Serica Closes North Sea Asset Acquisition from ONE-Dyas

Serica Closes North Sea Asset

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine