ƶijϻ

OMV Starts ƶijϻ Oil Production in United Arab Emirates

(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

Industry Leaders Set to Discuss Future of US ƶijϻ CCS Market

Industry Leaders Set to Discus

Polish Shipbuilder Lays Keel for DOF’s New ƶijϻ Support Vessel

Polish Shipbuilder Lays Keel f

ADNOC Partners with ExxonMobil, Occidental to Boost UAE Oil and Gas Capacity

ADNOC Partners with ExxonMobil

Estonia Grants First ƶijϻ Wind Construction Permit

Estonia Grants First ƶijϻ

Subscribe for OE Digital E‑News