OMV Gains Tunisia Approvals, to Invest 500M Eur


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)

Copyright 2016 Thomson Reuters. Click for Restrictions.


Click on the button below to add a comment.
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

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Production Engineer
Expertise: Production Engineering
Location: Houston, TX
Senior Client / Program Manager
Expertise: Geologist|Reservoir Engineering
Location: Seattle, WA
Senior Sales Representative - Oil and Gas
Expertise: Corrosion Engineering|Petroleum Engineering|Sales
Location: Harvey, LA
search for more jobs

Brent Crude Oil : $50.79/BBL 1.30%
Light Crude Oil : $49.96/BBL 1.10%
Natural Gas : $2.77/MMBtu 2.12%
Updated in last 24 hours