Austria's OMV says oil sector 'paralyzed'

摘要

London-Austria's OMV believes the oil industry is "paralyzed" by the sharp fall in oil prices as all sectors of the industry evaluate their budgets, the company's head of upstream, Helmut Langanger, told Platts in an interview late November 14. "Everybody is now paralyzed-us and the service companies-we were all hit by surprise," he said. OMV said November 14 it had cut its 2010 production targets, slashed its capital spending plans by a third and deferred a number of upstream and downstream projects in the face of the lower oil price environment (ON 11/17).