Austrian energy firm OMV highlighted Africa’s enormous, under-developed hydrocarbon reserves as a key component of its upstream growth plans during its Capital Markets Day earlier this month. The company has revised up its 2030 global production target from 350,000 boe/d to around 400,000 boe/d and sees Africa as central to meeting that goal.
“Africa is a pillar of our regional focus,” EVP Energy Berislav Gašo tells MEES, adding that plans to increase upstream production in the continent will build on “strong foundations in existing areas and by forging new, dynamic partnerships with African companies and host governments.” (CONTINUED – 1273 WORDS)
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