Ghasha

OMV participates in the offshore concession Ghasha with a 5% interest, along with partners ADNOC (70%), ENI (10%), PPTEP holding (10%) and Lukoil (5%).

OMV was awarded participation in the concession in December 2018. It covers nine fields and comprises several sour gas and condensate greenfield development projects. The fields will be developed in a phased approach using artificial islands and well-head towers.

The Hail & Ghasha mega-project is the world’s largest offshore sour gas development and plays a vital role in the UAE’s vision of gas self-sufficiency.

The developments will include drilling of a significant number of wells, offshore and onshore treatment and transportation facilities for natural gas, condensate, crude oil and sulphur.

Production from the concession is expected to produce more than 1.5 billion standard cubic feet of natural gas per day by the end of the decade.