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.
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.
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.
Abu Dhabi National Oil Company (ADNOC) has agreed the sale of two stakes in offshore blocks worth $1.5 billion to Austrian OMV.
Austrian oil company OMV has signaled that oil production could resume in south Yemen in April 2018.
Qatargas signed a contract to deliver 1.1 million tons of liquefied natural gas (LNG) to OMV annually for five year.