VIENNA, Nov. 8 (UPI) -- The acquisition of North Sea oil and gas production areas from Norwegian energy company Statoil will help OMV meet its long-term targets, its boss said.
Chief Executive Officer Gerhard Roiss said OMV aims to produce about 400,000 barrels of oil equivalent per day within the next three years.
"In the first nine months of this year, we have substantially enhanced our upstream portfolio," he said in a statement Thursday. "The acquisition from Statoil of a portfolio of offshore assets lays the foundation for achieving our key strategic targets for 2016."
Last week, OMV acquired a 19 percent stake in the Gulfaks field and a 24 percent stake in the Gudrun field, both on the Norwegian Continental Shelf, and also took on shares in the Rosebank and Schiehallion fields, located west of the Shetland Islands. The transaction was valued at $2.65 billion.
OMV said the production contribution from the acquired assets should reach 58,000 barrels of oil equivalent per day by 2016.
OMV said in a report for the third quarter its daily oil and natural gas liquids production was down because of national security problems and labor strikes in Libya and sales of some assets in Europe and the Asia-Pacific.
