OMV begins oil production at Umm Lulu and SARB fields
Austrian oil and gas exploration and production company OMV has commenced oil production from the Umm Lulu and Satah Al Razboot (SARB) offshore fields in Abu Dhabi, UAE.
The fields will have an initial capacity of 50,000 barrels per day (bpd), which will be further increased to 129,000 bpd by the end of the year and 215,000 bpd by 2023.
Of the initial production capacity, OMV will have 10,000 bpd net.
The net oil production to the company will increase to 25,800 bpd by the end of the ye...