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

ADNOC, SLB Roll Out AI Platform Across More Than 120 Drilling Rigs

QatarEnergy Prolongs LNG Force Majeure, Charters Out Tankers

ABL Gets Papua New Guinea FSO Job

Hormuz Standoff Risks Chronic Instability for Gulf Oil Flows

Oil Climbs on US-Iran Deal Uncertainty

TGS Gets Exclusive Rights for Seismic Survey Offshore Brunei

Markets: Oil Majors Reload Exploration Hoppers Across Sub-Saharan Africa

Qatari LNG Carriers Re-Enter Hormuz as Traffic Through Strait Slumps

Gulf Marine Services Restarts Ops of Evacuated Gulf Vessels

TGS Books 3D Streamer Seismic Job in Africa and Middle East region

Current News

ConocoPhillips, CNOOC Put Penglai Field off China Into Full Operation

Mermaid Maritime Expands Into US Offshore Market

ONGC Nears Venezuela Operatorship Deals, Regains Russia’s Sakhalin-1 Stake

Fugro Secures India Deepwater Drilling ROV Contract

Vantris Energy Secures Petronas’ Offshore Drilling Work Orders

ADNOC, SLB Roll Out AI Platform Across More Than 120 Drilling Rigs

Oil Rises as Uncertainty Clouds US-Iran Peace Talks

India’s ONGC to Allocate Half of New Oil Storage to Strategic Reserves

Subsea7 Lands ‘Sizeable’ Contract for Work Offshore Brunei

FPSO for Azule Energy’s Angola Offshore Field Starts Taking Shape in China

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