OMV: Total Production Declined by 14%

Energy › Oil & Gas ♦ Published: July 22, 2011; 12:00 ♦ (Vindobona)

In the second quarter, the Austrian oil and gas company registered a significant drop in production. Sales volumes in the gas business increased by 43%.

OMV: Total Production Declined by 14% / Picture: © Vindobona.org

Due to the unrest in the Arabic countries OMV’s total production continued to decline in the second quarter of the year. Compared to the first three months, the company registered a 10% drop from 304,000 to 275,000 boe/d (barrel oil equivalents per day). Against the second quarter of 2010, production declined by almost 14%. This was announced by the company on Friday in its trading…

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