OMV Corporate TV: OMV Results Video January – December and Q4 2015 - Media Database - The video gives an overview on the OMV Results January – December and Q4 2015. In 2015, Downstream delivered a very strong result driven by higher refining margins captured by a strong utilization rate and increased petrochemicals contribution. In total, the Clean CCS EBIT decreased, reflecting the significant drop in oil and gas prices. Due to this challenging environment, we have decided to reduce our future oil and gas price assumptions resulting in asset impairments. Our production in Norway benefitted from additional wells which came on stream and the start-up of production at the Edvard Grieg field. Overall, the production slightly decreased mainly due to shut-ins in Libya and Yemen.
- Archive number: MEDIA073352
- Title: OMV Corporate TV: OMV Results Video January – December and Q4 2015
- Caption: The video gives an overview on the OMV Results January – December and Q4 2015. In 2015, Downstream delivered a very strong result driven by higher refining margins captured by a strong utilization rate and increased petrochemicals contribution. In total, the Clean CCS EBIT decreased, reflecting the significant drop in oil and gas prices. Due to this challenging environment, we have decided to reduce our future oil and gas price assumptions resulting in asset impairments. Our production in Norway benefitted from additional wells which came on stream and the start-up of production at the Edvard Grieg field. Overall, the production slightly decreased mainly due to shut-ins in Libya and Yemen.
- Duration: 00:01:15.240
- Copyright: © OMV Aktiengesellschaft
- Format: Material Exchange Format (MXF)
- File size: 483,026 KB
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