Austrian OMV reported decreased production and slump in sales ahead of publishing its third quarter results.
The company’s oil and gas production totalled 275,000 barrels of oil equivalent per day in the period, down from 309,000 boepd in the third quarter of 2012.
The decrease in production was blamed on security issues and strikes in Libya and Yemen as well as maintenance shut-ins in the New Zealand Maari field.
OMV’s gas sales have fallen by 14% compared to the same period last year and the company said it continues talks with its gas partners over pricing.
Additionally, OMV’s refining market margin – an indicator for global processing profits – fell from $5.28 a year earlier to $1.17. due to higher crude prices.
The full third-quarter results will be published early November, the company said.