OMV Gains Tunisia Approvals, to Invest 500M Eur



Reuters

VIENNA, May 30 (Reuters) - Austria's OMV confirmed on Friday it expected to invest around 500 million euros ($681 million) to develop the Nawara gas field in Tunisia after gaining government approvals.

The development is a joint project with ETAP, the Tunisian National Oil Company, and first gas production is expected to start in 2016 with peak production of around 10,000 barrels of oil per day equivalent. ($1 = 0.7345 Euros)

(Reporting by Georgina Prodhan, editing by William Hardy)



WHAT DO YOU THINK?


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