Posts Tagged ‘omv’
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OMV counts cost of Kurdistan failures

by on October 19, 2012 10:37 am BST
OMV spent just €68 million ($88.7 million) on exploration in the second quarter.The Vienna-based integrated energy player described the higher outlay as being mainly due to one-off charges from “the write-off of unsuccessful wells and exploration licenses...in Mala Omar and Shorish,” without giving further

Austria's OMV production rises in third quarter

by on October 19, 2012 5:49 am BST
Austria's OMV production rises in third quarterBY NICKY REDLAUSTRIA -- Austrian oil and gas company OMV said third quarter production rose on the quarter and on the year, mainly due to a recovery of production in Yemen as well as a stronger contribution from Austria and Tunisia.Third-quarter hydrocarbon production

OMV-led trio sign off on $139m Latif development

by on October 5, 2012 2:41 pm BST
The Austrian player says the field will yield output of around 18000 barrels of oil equivalent barrels per day by 2014, with first non-test production in late 2013.OMV operates the Latif concession on a one-third stake, with Italy’s Eni and Pakistan Petroleum each holding another third.The development will include

Total inks Bulgaria exploration deal

by on August 29, 2012 5:54 pm BST
Total won rights to explore the 14,220-square-kilometre block in a licensing round that concluded in July after US rival ExxonMobil dropped out of the bidding process. "This license marks the first time that this type of highly promising play will be explored outside the Atlantic basins," Total's vice