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

Jereh Group Delivers Oil Separation Systems for Petrobras’ FPSO Units

Following Big Loss in 2025, Oil Steadies

OE’s 2025 Top of the Festive Video Pops: Santa Goes Offshore

India Seeks $30B from Reliance, BP Over Gas Shortfall at Offshore Fields

Russia Gives ExxonMobil More Time to Exit Sakhalin-1 Oil and Gas Project

Aramco Expands US Partnerships with $30B in New Deals

How Hot Is Your Cable? Understanding Subsea Cable Thermal Performance

Malaysia’s Petronas and Oman’s OQEP Strengthen Oil and Gas Ties

MDL Secures Cable Laying Job in Asia Pacific

Hanwha Ocean Enlists ABB for Singapore’s First Floating LNG Terminal

Current News

Jereh Group Delivers Oil Separation Systems for Petrobras’ FPSO Units

Offshore Rig Outlook: As 2025 Challenges Fade, Path Ahead Brightens

Offshore Energy and Boosting the Energy Efficiency of Water Processes

Low Demand, High Supply Keeps Asia LNG Spot Prices Flat

Following Big Loss in 2025, Oil Steadies

Saipem Lands $425M Turkish Gas Contract in Sakarya Expansion

OE’s 2025 Top of the Festive Video Pops: Santa Goes Offshore

India Seeks $30B from Reliance, BP Over Gas Shortfall at Offshore Fields

PV Drilling’s Jack-Up Rig Returns to Asia Ahead of April Drilling Ops

South Korean Firm Buys Into Indonesian Offshore Oil Block

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