OMV has injected £407million into a Tunisian gas field development project.
In partnership with its affiliate ETAP and the Tunisian Government, OMV has outlined the investment plan for the Nawara gas field development project with first production expected to be achieved in 2016.
The joint initiative will create 200 permanent jobs for the region as well as support hundreds of temporary construction posts.
OMV has five exploration permits and nine production licenses onshore and offshore in Tunisia.
The Nawara development is expected to produce 10,000 boe/d once established.
Jaap Huijskes, OMV executive board member responsible for exploration and production, said: “OMV and our Tunisian partner ETAP have achieved substantial milestones to implement the Nawara gas field development project. This huge energy project creates a win-win opportunity for all business partners as well as the local communities, and it receives the highest level of support from the Tunisian Government. OMV is fully committed to investing in the development of resources in Tunisia to increase production levels and develop the reserves base. We are proud to be a trusted partner to Tunisia in further unlocking the country’s domestic energy resources.”
The project has received full government approval and contracts are expected to be issued in due course.
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