Libya Hits OMV Sales Volumes

Austrian oil company OMV has announced that in Q1/15, production volumes decreased by 5% compared to Q4/14, mainly as a result of technical issues leading to an approximate one-month shut-down at the Gudrun field in Norway, and the production shut-down in Libya.

Sales volumes decreased by 13% vs. Q4/14, due to the lifting schedule in Norway and Tunisia and production shut-down in Libya, substantially burdening the quarterly performance.

(Source: OMV)

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