OMV aims to boost Yemen output to 30 000 bpd
Published by Joseph Green,
Editor
Oilfield Technology,
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
Read the article online at: https://www.oilfieldtechnology.com/exploration/14012015/austrian-energy-group-omv-wants-boost-oil-output-yemen-half-conditions-allow-143/
You might also like
Nigeria’s oil and gas industry expands as crude and condensate production reaches 554.4 million bbls and gas output grows by 7.5 billion ft3/d in 2025
Sarens and its subsidiary in Nigeria, Sarens Buildwell, has positioned itself as the optimal strategic partner for the oil and gas sector due to its strong commitment to the highest international standards of safety and operational excellence.
