We noticed you're blocking ads.

Keep supporting great journalism by turning off your ad blocker.

Questions about why you are seeing this? Contact us

Font Size

- Aa +

Sun 20 Mar 2016 02:34 PM

Font Size

- Aa +

OMV, ADNOC, Occidental to explore offshore Abu Dhabi oil, gas fields

Firms unite to sign 4-year deal as OMV focuses on UAE, Russia

OMV, ADNOC, Occidental to explore offshore Abu Dhabi oil, gas fields

OMV has signed a four-year programme to evaluate offshore oil and gas fields northwest of Abu Dhabi with the Abu Dhabi National Oil Company and U.S. firm Occidental Petroleum, the Austrian company said.

The fields the companies will analyse through seismic, drilling and engineering studies include the Ghasha and Hail areas with a view to appraising and developing them.

OMV is already working with ADNOC on the appraisal of the Shuwaihat field.

OMV under new Chief Executive Rainer Seele is increasingly looking towards Russia and the United Arab Emirates, the home of its second-biggest shareholder IPIC, for future output.

Arabian Business: why we're going behind a paywall

For all the latest energy and oil news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.