OMV to build gas facility and pipeline in Tunisia

gas facility-fairbanksmike flickrThe internal final investment decision (FID) for the Nawara project was taken in March 2014. (Image source: Fairbanks Smike/Flickr)Tunisia has approved of OMV’s plan to build a gas production facility and a pipeline in the north African country

The Nawara gasfield project, a partnership between OMV and the Tunisian National Oil Company (ETAP), aims to build a facility capable of producing about 10,000 barrels of oil equivalent per day (boepd), company sources said.

OMV is likely to invest US$680mn in the project, which, it said, could begin gas production in 2016.

Jaap Huijskes, OMV executive board member for exploration and production, said, “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.”

The Austria-headquartered explorer has five exploration permits and nine production licences onshore and offshore Tunisia, part of a larger drive to explore an area stretching down to sub-Saharan Africa.

 

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