OMV | Egypt Oil & Gas - Part 2

OMV Begins Offshore UAE Oil Production

Austrian OMV has started oil production from the SARB and Umm Lulu fields off the coast of Abu Dhabi, and expects to produce 25,800 barrels per day (b/d) before the end of 2018.

ADNOC to Sell Minority Stake in Refining Business

Abu Dhabi National Oil Company (ADNOC) is reportedly looking to sell a minority stake in its refining business, and is in advanced negotiations with multiple potential buyers including Italy’s Eni.

ADNOC, Austrian OMV Close $1.5B Offshore Deal

Abu Dhabi National Oil Company (ADNOC) has agreed the sale of two stakes in offshore blocks worth $1.5 billion to Austrian OMV.

South Yemen Oil Production May Resume in April

Austrian oil company OMV has signaled that oil production could resume in south Yemen in April 2018.

Qatargas, OMV Sign LNG Agreement

Qatargas signed a contract to deliver 1.1 million tons of liquefied natural gas (LNG) to OMV annually for five year.

Libya’s Largest Oil Field Reopened

Libya’s largest oil field, Sharara, has resumed production after workers had shuttered the 270,000b/d field.

Gazprom Neft, OMV Sign MoU

Russia's Gazprom Neft and Austria's OMV signed a memorandum of understanding (moU) for working together on Iran’s oil and gas projects.

OMV Launched Crude Production in Libya

OMV successfully started up production in both the Sirte and Sharara oil fields in Libya.

Iran Strikes a Deal with Austrian Major Oil Company

Austria's OMV has signed a preliminary agreement with Iran's Dana Energy Co for collaboration in upstream oil and gas exploration/production sector.

Austrian OMV to Develop Iranian Cheshmeh Khosh Oilfield

Austrian energy company OMV has announced it was ready to resume developing the Cheshmeh Khosh oilfield in western Iran.

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