Finance & Investing
News Services
Newsletters
Get free industry updates via email.
Daily News
Weekly News
Equipment Updates
Weekly Job Register
Monthly Event Guide
Our privacy
pledge.


advertisement

OMV 'On Track' to Meet Production Goals

change text size

VIENNA - Austrian oil and gas company OMV AG is on track to meet its long term production goals, the company's chief executive officer said Thursday.

"We are [on] the way," Gerhard Roiss said at a press conference.

OMV aims to be producing 350,000 barrels of oil equivalent by 2016. In 2012, the company produced 303,000 barrels of oil equivalent.

OMV's board member responsible for exploration and production, Jaap Huijskes, said that he expects the company's production to continue to grow after 2016 and that he is confident that the company will meet its 2016 production goal.

The company is hoping to succeed in its goal to expand into sub-Sahara Africa this year, Mr. Huijskes added.

Mr. Huijskes also said that security remains a worry in Libya and Yemen, where OMV suffered production stops due to political unrest. Currently there are no expatriate workers in Libya, he said.

Mr. Huijskes and Mr. Roiss were speaking at OMV's 2012 earnings press conference.
 

 

Copyright (c) 2012 Dow Jones & Company, Inc.

WHAT DO YOU THINK?

Post a Comment Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Most Popular Articles
From the Career Center
Jobs that may interest you
Senior Upstream Research Analyst - Latin America
Expertise: Geologist, Geophysicist, Petroleum Engineering
Location: USA, TX
 
Project Manager (Visium Risk)
Expertise: Project Management
Location: Houston, TX
 
Senior Field Operations Engineer
Expertise: Drilling Consultant, Petroleum Engineering, Production Technologist
Location: Houston, TX
 
search for more jobs