OMV Signs Deal with ADNOC

EnergyOil & Gas ♦ Published: June 24, 2013; 11:36 ♦ (Vindobona)

OMV signs upstream exploration agreement with the Abu Dhabi National Oil Company.

OMV Signs Deal with ADNOC / Picture: © Wikimedia Commons / Waerfelu [CC BY-SA 3.0 (https://creativecommons.org/licenses/by-sa/3.0)]
  • OMV and ADNOC will jointly explore the onshore region in East Abu Dhabi
  • Both partners will acquire seismic data and drill exploration wells to evaluate the potential of the area
  • OMV CEO Roiss: "With this step OMV is on the way to foster its upstream position in the Middle East"

The Abu Dhabi National Oil Company (ADNOC) and OMV East Abu Dhabi…