Australia

OMV has been active in Australia since 1998. In 1999, it was successful in acquiring Cultus Petroleum, a company with significant interests in both Australia and New Zealand. Australia has internationally recognized potential for major discoveries, particularly in gas, and offers a very stable and attractive political and fiscal regime. Exploration activities are focused on the Carnarvon Basin on Australia’s North West Shelf where OMV has a non-operated position.in one exploration permit (WA-290-P) and retention lease (WA-49-R).

In 2011, the exploratory well Zola-1 led to a natural gas discovery for OMV and in 2013 the Bianchi-1 appraisal well resulted in a second discovery. The Zola and Bianchi discoveries were subsequently converted from an exploration license to retention lease. A new 3D seismic survey was processed in late 2018. This date set will allow further evaluation of these discoveries.