OMV: Libyan Output at Pre-War Level

EnergyOil & Gas ♦ Published: July 20, 2012; 15:05 ♦ (Vindobona)

The Austrian oil company could increase its oil production in the second quarter. OMV has to register extraordinary expenses of € 170m.

OMV: Libyan Output at Pre-War Level / Picture: ©

In the second quarter of OMV´s financial year, oil production was up further. In Libya, the pre-war level is almost achieved. In February 2011, OMV left Libya for a few months and began oil exploration works slowly.

At the moment, OMV´s oil production reaches about 90% of the pre-war level. In January, the quota was about 60%. At the end of 2012, OMV aims to reach the old…