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

Meyer Werft Establishes Organizational, Legal Framework for Offshore Converter Business

Meyer Werft Establishes Organi

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

CM Energy to Supply Cable Lay

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

Sub-Saharan Africa: The Majors

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

Worley Lands EPC Contract for

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine