Yemen Peace Talks: Oil Focus
14 Dec, 2018
Oil & Gas
Yemen: OMV’s Risky Reentry Pays Dividends
03 Aug 2018
OMV became the first IOC to restart production in Yemen in April. The risky return has begun to pay off, with exports resuming from the firm's Habban field.
On 29 July Austria’s OMV became the first IOC to export Yemeni crude since 2015 when the Ambelos oil tanker disembarked from the Bir Ali terminal, a tiny offshore single point mooring station (SPM) located 30km west of the Yemen LNG facility at Balhaf (see map). The Ambelos is currently in the Indian Ocean sailing toward East Asia—the primary market for Yemeni crude.
OMV, the only foreign firm currently operating in Yemen, confirmed to MEES in April that it had restarted test production at the Shawba basin's Habban field on its S2 Block (OMV 44%op, Sinopec 37.5%, Yemen state firms YOGC 12.5% and YRL 6%) and planned to ramp up output to 10,000-12,000...
