Tag Archives | OMV

OMV’s Libya Production “Ongoing”

By John Lee. Austrian energy company OMV has said its oil production in Libya is “ongoing“, and the increases are expected this year. A spokesperson for the company told UPI: “OMV production is ongoing, with a planned level of 10,000 barrels per day for the full year 2017.” (Source: UPI)

OMV Restarts Production; Increases Stakes in Libyan Fields

Austria’s OMV has announced that, as a result of the improvement in the political and security situation in Libya, it has successfully started up production at both the Sirte and Sharara oil fields. The Sharara fields are located in the Murzuq basin. In Q4/2016 OMV’s production from Libya amounted to approximately 3,000 bbl/d. OMV also […]

Sharara Oilfield Resumes Production

The National Oil Corporation (NOC) has announced that production at the Sharara oilfield reached 58,000 barrels on Wednesday, according to a report from Reuters. The NOC confirmed on Tuesday the reopening of pipelines connecting the Sharara oil field to Zawiya refinery, and the El-Feel [El Fil, Elephant] oil field to the Mellitah complex. The pipelines […]

‘Global interest in Libya Oil & Gas’ – NOC Chairman

Global Summits Organiser, IRN, recently held the 4th New Libya Oil & Gas Forum at the Tower Hotel in London on 19-21st October 2015. Hosted with the exclusive support of the National Oil Corporation (NOC Libya), the high-level meeting attracted more than 200 international oil and gas companies as well as a high level Libyan […]

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Wintershall Eyes Oxy Assets in Libya

Germany’s Wintershall is reported to be interested in buying some or all of the Libyan assets of Occidental Petroleum. The Wall Street Journal said that Houston-based Occidental has sought and obtained permission from the National Oil Corporation (NOC) to allow Wintershall access to confidential data on the fields it partly owns. Occidental currently participates, along […]

NOC “Opens Books” to Oil Firms

Reuters reports that the National Oil Corporation (NOC) has opened its books to international oil firms to reassure them that payments for exported oil were not being used to fuel hostilities between rival factions. Among the companies that the NOC met last month were ConocoPhillips, Occidental Petroleum, Total, OMV, Eni and Statoil. The Tripoli-based company […]

OMV Not Expecting Prod’n this Year

Austrian energy group OMV said on Monday it that its performance was weighed down by the substantial decrease in oil prices and the ongoing security issues in Libya and Yemen. Jaap Huijskes, head of exploration and production, told analysts on a conference call that OMV did not expect production in Libya to resume this year. […]

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Libya Hits OMV Sales Volumes

Austrian oil company OMV has announced that in Q1/15, production volumes decreased by 5% compared to Q4/14, mainly as a result of technical issues leading to an approximate one-month shut-down at the Gudrun field in Norway, and the production shut-down in Libya. Sales volumes decreased by 13% vs. Q4/14, due to the lifting schedule in […]

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