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: Offshore Middle East Offshore Energy Activity Oil

Related Stories

Subsea Vessel Market is Full Steam Ahead

Russian Oil Companies Told to Boost Fuel Supply to Domestic Market

Singapore's Temasek Shortlists Saudi Aramco, Shell in Sale of Pavilion Energy Assets

Mermaid Sets Up Subsea Services JV in Vietnam

Enhancing Environmental Accountability in Offshore Operations via Data Analytics

T7 Global's MOPU Set for Work at Valeura’s Gulf of Thailand Field

TotalEnergies Picks Up OMV’s Upstream Gas Assets in Malaysia

Nebula Energy Acquires Majority Stake in AG&P LNG for $300M

Jadestone Outlines Gas Sale Terms with PV Gas for Fields Offshore Vietnam

Seatrium Starts Fabrication of Shell's Sparta FPU

Current News

Sapura Energy Hooks Subsea Services Contract from Thai Oil Major Off Malaysia

Philippines' PXP Energy Eyes Petroleum Blocks in Non-Disputed Areas

BP Suspends Production at Azerbaijani Platform for Maintenance Works

SOVs – Analyzing Current, Future Demand Drivers

Decarbonization Offshore O&G: Navigating the Path Forward

Subsea Vessel Market is Full Steam Ahead

China's Imports of Russian Oil Near Record High

TotalEnergies Inks $530M Deal to Acquire Malaysia’s SapuraOMV

Energy Storage on O&G Platforms - A Safety Boost, too?

Malampaya Gas Field Exceeds Export Capacity Amid Grid Demands in Philippines

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