OMV pares back spending and output amid Q1 loss

Austrian player takes down exploration and appraisal capex as well as spending elsewhere in upstream

Capex cut: OMV chief executive Rainer Seele — Capex cut: OMV chief executive Rainer SeelePhoto: OMV

Eoin O'Cinneide

London

OMV Libya Romania Russia Malaysia

Published 29 April 2020, 06:32Updated 29 April 2020, 07:02