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OMV CEO Gerhard Roiss (Image courtesy of OMV)

OMV announced it will invest $680 million in Tunisia’s Nawara gas field development, a joint project with Tunisia’s state-owned ETAP.

The project has received all necessary government approvals and contracts will be awarded in the coming months.

According to the company, the South Tunisian Gas Pipeline project and Nawara project have already been merged, and construction will last between two and three years.

The project consists of production facilities at Nawara well site, pipeline from Nawara to gas treatment plants to produce LPG products, along with commercial gas.

Production is expected to begin in 2016 with peak output around 10,000 bpd.

OMV currently holds five exploration permits and nine production licenses in Tunisia.