OMV’s 45mn-Barrel Libya Discovery Advances Towards Development
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Austria’s OMV is advancing its Essar oil discovery in Libya’s Sirte Basin towards development after confirming up to 45mn barrels of gross recoverable resources and expected production capacity of about 6,000 barrels a day. Libya’s National Oil Corporation declared the discovery commercially viable in July. Its location around six kilometres west of the producing Intisar […]
The post OMV’s 45mn-Barrel Libya Discovery Advances Towards Development appeared first on The Middle East Observer.
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About this article
- Length
- 73 words · 1 min read
- Published
- September 22, 2026
- Byline
- Reham Walid
- Source
- The Middle East Observer