OMV
OMV produces and markets oil and gas, as well as chemical solutions, in a responsible manner. It also delivers innovative solutions for the circular economy. OMV is one of Austria's largest listed industrial companies.
Joint Team Agreement 91
This project represents the fruit of a strategic partnership between the Arabian Gulf Oil Company (AGOCO) and OMV under an exploration and production sharing agreement. It is executed within the framework of the Exploration and Production Sharing Agreement (EPSA IV – Round 4), with the objective of developing and exploiting hydrocarbon resources in Contract Area No. 91, in accordance with the highest technical and economic standards approved in the oil and gas sector
Exploration and Production Sharing Agreement
EPSA IV - Fourth Round
Agreement Signing Date 23 / 06 / 2008
Signed on Exploration and Production Sharing Agreement (EPSA IV) – Round 4 For Contract Area No 91 Between the following parties
First Party:
National Oil Corporation (NOC), represented by Arabian Gulf Oil Company (AGOCO) acting as Operator
Second Party:
Occidental Petroleum of Libya, Inc. (OXY) 2016 -2008
OMV (Libya) Limited 2008 – Present