OMV aims to boost Yemen output to 30 000 bpd

Austrian energy group OMV wants to boost its oil output from Yemen by half if conditions allow, a senior executive told Reuters on Tuesday.

Erwin Kroell, senior vice president for the Middle East and Caspian, said plans to raise production to 30 000 bpd from 20 000 on average now hinged on putting in place security measures to protect its assets and people.

"Higher production depends on the security situation and oil prices playing a role," he told Reuters on the sidelines of an industry conference.

OMV operates in Yemen, Pakistan, Iraqi Kurdistan and the United Arab Emirates. In Pakistan, OMV's gas production through a subsidiary is 60 000 boe/d.

If current exploration efforts succeed it plans to expand output, Kroell said.


Adapted from press release by Joe Green

Published on 14/01/2015


Get your FREE Oilfield Technology magazine »

Get your FREE trial of Hydrocarbon Engineering magazine »

Get your FREE trial of World Pipelines magazine »


 
 

Related articles

OMV finds oil reservoir in Black Sea

OMV has discovered a new oil reservoir in the Black Sea off Romania with production potential of 1500 - 2000 barrels.

OMV Group selects Active Risk Manager for integrated audit assurance

International oil and gas company extends its use of Active Risk Manager to combine Audit Assurance with Enterprise Risk Management.

OMV and Gazprom strengthen partnership

Gazprom CEO, Alexei Miller, met with OMV CEO, Gerhard Roiss to discuss the challenging current market environment for gas.

OMV announces Statoil acquisition

OMV has closed the acquisition of assets in Norway and the UK (west of Shetland area) from Statoil.

Recommend magazines

  Oilfield Technology