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VIENNA, April 21 (UPI) -- Austrian energy company OMV said its first quarter output was up 1 percent, largely on Norwegian operations, and that its exploration expenses were lower than in 2015. The company said in a trading statement that production was up 1 percent when compared with fourth quarter 2015. "The increase was mainly driven by higher production contribution from Norway, as the Edvard Grieg field was on stream for the whole quarter, while only for one month in fourth quarter 2015," the company said in its statement. Commercial production at Edvard Grieg started in November. The field was discovered in 2007 and holds an estimated 187 million barrels of oil equivalents. Most of the reserves in the field located in Norwegian waters are in the Next »

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