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

VAALCO Energy Spuds First Well in New Drilling Campaign off Gabon

VAALCO Energy Spuds First Well

US Judge Overturns Trump’s Freeze on Wind Energy Permits

US Judge Overturns Trump’s Fre

EnerMech Gets Onboard Woodside’s Pluto Train 2 LNG Project

EnerMech Gets Onboard Woodside

Equinor Secures Permit for North Sea Drilling Operation

Equinor Secures Permit for Nor

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine