Jun 2008 - OPEC

OPEC bulletin 6/08
30
Socialist People’s Libyan Arab
Jamahiriya
The jewel in the OMV crown outside Europe, however,
seems to be Libya. Here OMV has been active for decades
— in exploratory work since 1975, and with production
activities since 1985. “Libya used to be our single
most important international country in the portfolio,”
says Langanger. “It still ranks number one, along with
Romania,” he adds.
Over the years, OMV’s local partner has consistently
been the Libyan National Oil Company (NOC). “We like Libya
because we have been there for so many years,” says Langanger.
“In good days and in bad days — we like each other.”
The company’s current E&P work in Libya is all primarily
in the Sirte and Murzuq basins. In the former basin,
which ranks 13th among the world’s petroleum reserves
with proven oil reserves of 43 billion barrels, OMV is partnering
with Occidental Petroleum of the US.
In the Murzuq basin, OMV has partnered with Repsol,
Total and Norway’s Statoil. “We’re here together with
“We like Libya
because we have
been there for so
many years — in
good days and in
bad days — we
like each other.” —
Langanger