Al Hamili also extended a welcome to Gerhard Roiss, OMV’s Deputy Chairman on behalf of His Highness Sheikh Mansour bin Zayed Al Nahyan, Chairman of Abu Dhabi’s International Petroleum Investment Company (IPIC) and UAE Minister …Read full article » United Arab Emirates: Monday, May 14 - 2007 @ 13:38
The base oil will be used for blending top-tier lubricants. The joint venture company will be owned 60% by Takreer and 20% each by Neste Oil and OMV.
The parties signed the Heads of …Read full article » United Arab Emirates: Monday, December 17 - 2007 @ 13:36
The initial capacity of the EWT from Bina Bawi-3 is around 5,000 boe/d with the potential to expand beyond this level to approximately 10,000 boe/d, as future wells become available. The Bina Bawi field, located …Read full article » Iraq: Sunday, April 07 - 2013 @ 15:06
Initially, the daily production rate of the first production well Kharwah-1 is approx. 1,000 barrels (bbl). The further development of the oil field, operated by OMV, is carried out in two phases. In the first …Read full article » Yemen: Wednesday, December 27 - 2006 @ 14:08
OMV and ADNOC will conduct a state of the art exploration program consisting of seismic acquisition and the drilling of exploration wells. If the exploration campaign is successful, ADNOC and OMV intend to jointly develop …Read full article » United Arab Emirates: Tuesday, June 25 - 2013 @ 11:13
OMV´s share of production was about 1,100 bbl/d (FY04). The disposal is part of OMV’s E&P portfolio rationalisation. The Partners agreed not to disclose the sales price. Completion of the transaction is subject to approvals …Read full article » Qatar: Wednesday, August 24 - 2005 @ 11:18
OMV (IRAN) onshore Exploration GmbH, a wholly owned subsidiary of OMV, has completed its first exploration well. This encouraging well is the first drilled by OMV in the ‘Mehr’ exploration block reaching a depth of …Read full article » Iran: Sunday, January 16 - 2005 @ 10:10
The close co-operation with Abu Dhabi’s International Petroleum Investment Company (IPIC), OMV’s second largest shareholder, will support the Austrian company’s endeavours in the region.
IPIC has been OMV’s shareholder since 1994 where it today holds 17.6% …Read full article » United Arab Emirates: Sunday, May 13 - 2007 @ 13:51
OMV has made an initial payment of $350m. Contingent payments may be made depending on further reserves determinations.
The Khor Mor and Chemchemal gas fields have significant gas reserves and contingent resources including condensates and LPG …Read full article » Iraq: Tuesday, May 19 - 2009 @ 13:56
The new agreement enables OMV (Yemen) Al Mabar Exploration GmbH, a wholly owned subsidiary of OMV Exploration & Production GmbH, to conduct exploration and production activities in Block 2 (Al Mabar). OMV will start exploration …Read full article » Yemen: Wednesday, July 13 - 2005 @ 15:50