OMV Starts Offshore Oil Production in United Arab Emirates

Thursday, September 27, 2018

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)

Categories: Middle East Oil Offshore Offshore Energy Activity

Related Stories

UAE Exit Weakens OPEC, Raises Risk of Price War

China Calls for De-Escalation as US Threatens Hormuz Blockade

UK Declines to Support US Hormuz Blockade, PM Starmer Says

Middle East Producers Gear Up for Hormuz Export Restart

Oil Rises as Fragile Middle East Ceasefire Sustains Supply Risks

Oil Tumbles, Stocks Surge on Middle East Ceasefire

IEA: Current Oil And Gas Crisis Exceeds Past Shocks Combined

India Resumes Iranian Oil Imports After Seven-Year Hiatus

Oil Rises as Widening Conflict Endangers Red Sea, Hormuz Flows

US Oil Shield Starts Showing Cracks as Iran War Drives Prices Higher

Current News

Lloyd’s Register Approves Wison’s Internal Turret FPSO Concept

Gulf Marine Services Profit Plunges After Gulf Vessel Evacuations

Eni Advances Giant Indonesia Gas Discovery after ‘Exceptional’ Well Test

IEA: Middle East Conflict Reshaping Medium-Term Gas Outlook

ADNOC Drilling Finalizes MB Petroleum JV, Expands Regional Fleet

Brent Near $114 as Middle East Conflict Continues

Thailand Cancels Offshore Energy Exploration Pact with Cambodia

Vessel Sector Deep Dive: WTIVs

Indonesia’s Mako Gas Project on Track for First Gas in 2027

CNOOC’s First Quarter Profit Rises on Higher Oil Prices, Output

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com