OMV Raises Production

EnergyOil & Gas ♦ Published: April 24, 2012; 14:21 ♦ (Vindobona)

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 (]

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…