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E & P News

2014

Apr 2014: OMV is committing to oil and gas production in the Weinviertel region with investment rising to US$550 mm in the next 2 years. Resources are needed to counter natural depletion in the mature fields. In 2013 the region produced 35,000 bbls of oil equivalent per day. Up to 24 wells will be drilled in 2014, with 20 planned for 2015 and 2016 along with 14 exploratory well projects.

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