OMV Group talks on oil&gas operation in Kazakhstan

Baku, Azerbaijan, Nov. 28

By Leman Zeynalova - Trend:

Production in Kazakhstan by Austrian OMV Group stood at 7,000 barrels of oil equivalent per day (boe/d) in 2017, the company told Trend.

Around 9 percent of this volume accounted for gas, while 91 percent fell on the share of oil production in the country during the reporting period, according to OMV.

“Kazakhstan is part of the OMV Upstream core region Central Eastern Europe. In Central Eastern Europe (CEE), OMV is active in Austria, Romania, Kazakhstan and Bulgaria. With a production of 196,000 boe/d in 2017, OMV is among the largest producers in the region,” said the company.

As a result of the Petrom acquisition, OMV also became operator of four producing onshore oil fields located in the west of Kazakhstan (Tasbulat, Turkmenoi, Aktas and Komsomolskoye).

As for Iran, OMV said it has no projects (neither active nor planned) in Iran at the moment.

OMV is producing and marketing oil and gas, innovative energy and high-end petrochemical solutions.

OMV Upstream has operations in Europe, Russia, the Middle East, Africa and Australasia with a solid safety record. In 2017, daily production was 348 kboe/d.

OMV is the operator of four producing onshore oilfields Tasbulat, Turkmenoi, Aktas and Komsomolskoye in Kazakhstan. All fields are located in the Mangistau region of West Kazakhstan near the Caspian Sea. Crude produced is sold both internationally and domestically. Associated gas produced is re-injected and sold domestically.

As for Iran, in April 2001, OMV started its activities in Iran as operator of the Mehr exploration block. With operational and HSSE excellence, OMV Iran drilled three exploration wells in the Mehr Block, the first one leading to a successful discovery in 2005.

In May 2016, the National Iranian Oil Company (NIOC) and OMV signed a Memorandum of Understanding (MoU) concerning the evaluation of five oil fields in the West of Karoun area, for potential future development. The MoU also covered an envisaged cooperation in the area of technology research, crude and petroleum product swap business.

At the same time, OMV also signed a Joint Study Agreement with NIOC Exploration Directorate for study of potential prospectivity of the Fars Area (on and offshore).

The scope of work for cooperation under above mentioned MoU and the Joint Study Agreement has already been concluded.

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Follow the author on Twitter: @Lyaman_Zeyn

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