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OMV Raises Production
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Due to the economic recovery in Libya, the Austrian oil and gas group OMV increased Oil production.
OMV Raises Production / Picture: © Wikimedia Commons / Waerfelu [CC BY-SA 3.0 (https://creativecommons.org/licenses/by-sa/3.0)]
OMV presented the trading statement for Q1 today. Overall production increased compared to the previous quarter mainly due to the recovery of production in Libya (average production in Q1/12 of approx. 25,000 bbl/d). Total hydrocarbon production in boe/d increased to 299,00 from 289,00 in the previous quarter.
This increase was, however, partly offset by reduced production in…
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