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Fri 1 Jun 2007 12:00 AM

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Austria’s OMV launches a new Middle East office in Abu Dhabi

Austrian oil and gas company OMV has launched its Abu Dhabi office to capitialise on business opportunities in the Middle East.

Austrian oil and gas company OMV has launched its Abu Dhabi office to capitialise on business opportunities in the Middle East.

The close co-operation with Abu Dhabi's International Petroleum Investment Company (IPIC), OMV's second largest shareholder, will support the company's activities in the region.

"Our new office could serve as a hub for procurement, drilling and operational support," said Thomas Huemer, of OMV's corporate communications. "The management and team of the new OMV Abu Dhabi office will be responsible for managing the OMV interest in the PARCO refinery. Furthermore, IPIC and OMV will be able to easily co-ordinate their interests in Pakistan.

"OMV offers refinery know-how, such as designing, construction, operation and maintenance of refineries," he added.

OMV's daily production volume in 2006 was 324 000 barrels of oil equivalent per day (boe/d), with company reserves of around 1.3 billion boe. Huemer said the goal for 2010 is for 500 000 boe/d.

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