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Australian energy group says Libya poses production, security issues

Official from OMV says problems persist as first post-Gaddafi elections draw near

Reuters, Wednesday 9 May 2012
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Views: 364

Austrian energy group OMV is grappling with output and security issues in Libya, exploration and production head Jaap Huijskes told an analyst conference call on Wednesday.

"We do still see issues. We do have issues with damage in the field that we are having to deal with. Local production is if you want in manual instead of automated mode," he said of Libya, which accounted for a tenth of OMV's output before the uprising that toppled Muammar Gaddafi and is now at 85 to 90 per cent of that level.
"Security continues to be a concern. Clearly the political situation as not as clear as we would like. Elections are coming up and we will have to see how the political and security situation develop from that," he added.
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