The MENA region is the world´s richest in oil and gas resources. Almost 50% of the worldwide reserves can be found in the Middle East region. No other region has comparable potential. Without these reserves in the Gulf, further growth of the global economy is inconceivable. Therefore, the Middle East and Africa (MEA) region plays an increasingly important role in OMV´s diversified upstream portfolio. OMV Abu Dhabi is not only part of the MEA Hub but also its central location. The MEA Hub incorporates the countries of Abu Dhabi, Libya, Tunisia, Yemen, Kurdistan Region of Iraq and Bulgaria and produced 54 kboe/d net to OMV in 2018.
You can find details to all our MEA activities here.
OMV´s key objectives are the production start from the Nawara project in Tunisia, business development in Libya and optimization of value contribution in the UAE.
In addition, OMV pursues further growth opportunities in selected areas in Africa to ensure sustainable reserves replacement.