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Portfolio & Locations

In Exploration & Production, OMV has a strong base in Central and Eastern Europe as well as a balanced international portfolio, with Middle East & Africa, the North Sea and Asia-Pacific as core regions. Daily average production was 486,000 boe/d in 2021 with an emphasis on natural gas.

Factsheet OMV Exploration & Production (PDF, 959,7 KB)

On March 5, 2022 OMV decided that Russia will no longer a core region and that investments in Russia will no longer be pursued.
 

Core regions

In Central Eastern Europe (CEE), OMV is active in Austria, Romania, Kazakhstan and Bulgaria.

OMV’s Exploration & Production strategy is driven by state-of-the-art in-house technologies supported by access to well-maintained assets to pilot these technologies and promote rapid full-field implementation worldwide. The current focus on research and development activities continues to improve recovery rates and the lifetimes of mature fields further enabling highly efficient exploration of oil and gas fields even in challenging environments.  

Austria
 

In Austria, OMV has been undertaking exploration and production activities for over 60 years. The country continues to play an important role in the company’s global oil and gas production program.

 Austria is the center of OMV’s global research and development activities, where various theses and studies, such as new concepts for reserve modeling or pressure maintenance, are being developed. In Austria, OMV has also gained substantial knowledge in exploring and producing in an environmentally friendly, sustainable manner and is renowned for its technological innovations. 

These technologies – once successfully applied in Austria – are then transferred worldwide within the OMV Exploration & Production "family". The exploration of the Vienna Basin with its highly mature oil and gas fields has given OMV special technological expertise in gaining exceptionally high recovery rates from crude oil and gas fields.

As one of the largest employers in the Weinviertel region of Lower Austria, OMV is a reliable partner to both its employees and its business partners. Many employees are able to apply their skills nationally and abroad after completion of the extensive training program offered by the company.

In 2021 OMV, over an area of more than 3,800 km², produced more than 19,200 boe per day in Austria. In addition to exploration and production, OMV also operates two underground gas storage facilities in Austria. Total reservoir capacity currently amounts to roughly 2.2 bcm of natural gas – which equates to approximately one quarter of Austria’s annual gas consumption. 

Factsheet OMV Austria Exploration & Production GmbH  (PDF, 374,5 KB)

Romania
 

By acquiring a 51% stake in Petrom (now OMV Petrom) - Romania’s leading integrated oil and gas company - in 2004, OMV operates one of the oldest oil- producing areas in the world. As the fields in Romania are mature, OMV has transferred its core technological expertise to the country, while also gaining additional knowledge on producing such fields. 

In Romania, OMV Petrom operates 152 commercial oil and gas fields, most of them onshore. It also has offshore operations in the shallow waters of the Black Sea, in Romania. In 2021, the average oil and gas production in Romania was 127.2 kboe/day..

Main Onshore Projects

  • Totea Deep Compressors Project was initiated in 2017, having the scope to maximize the recovery factor, through the installation of three new electrically driven compressors and their integration in the systems of Park 4540 Totea in Asset Oltenia. As the main civil works were finalized at end of 2020, in 2021 the site activities were focused on mechanical, electrical and instrumentation works. Mechanical completion was achieved in May and integration of the compressors in the existing systems was successfully finalized in the shutdown window from August, therefore obtaining the ready for start-up certificate. Compressors’ stable run and performance test was completed in October.
  • Gas to Power (G2P) and Combined Heat & Power (CHP): in 2021, three new Gas to Power (G2P) units, with an installed capacity of 4.5 MW, were added to the previous 39 units already built. These are G2P Paraieni in Asset Oltenia, G2P Oarja in Asset Muntenia Vest, and G2P Baicoi Vest in Asset Muntenia. Our combined G2P and CHP installed capacity stands at 102 MW, covering around 65% of Exploration and Production segment’s electricity needs.
  • FRD Suplac Phase 2 and Suplac Key Infrastructure projects: main activities for FRD Suplac Phase 2 as well as for the two projects from the key infrastructure “Drinking Water Treatment Plant” and “Revamp Tank Farm Suplac” were fully completed in 2021. “Regenerative Thermal Oxidizer”, was commissioned and will be put in operations in 2022.

Offshore Portfolio

  • Rejuvenation Program: in 2021, we achieved significant progress in three portfolio projects as follows: the planned shutdown of Asset Petromar, the installation of a new crane and the first execution phase of the helideck upgrade project. The first ever total planned shutdown of Asset Petromar for rejuvenation and maintenance works was performed between September 27 and October 3 2021. Around 40,000 hours of offshore and onshore activities were performed without any safety incidents on the central production platform, its six satellite platforms, and in the Midia terminal. The second project was the program for crane installation offshore. With the commissioning of the offshore crane installed on the satellite platform PFS6 in June 2021, Asset Petromar successfully completed the first crane cluster project, dedicated to the replacement of the cranes used to transfer personnel on three offshore platforms. By the end of the project, over 87,000 work hours were recorded without any HSSE incident. With four new cranes installed in recent years, Petromar supports its plan to reduce risks and fully conforms to the EU-wide Offshore Safety Directive. The recent update of standards concerning offshore helidecks led to an upgrade of the helideck on the central production platform. The execution of the modernization works were performed in June-July 2021. All offshore works had a reduced impact on the availability of the helideck. The work involved the replacement of the metal sheets that were partially corroded, the upgrade of aeronautic markings in accordance with current standards and regulations, the helideck area treatment with superior quality paint, the modernization of lighting systems and of the landing safety net, and the implementation of an automated bird repellent system. Similar works will be conducted in 2022 on three additional helidecks.

Detailed information on OMV Petrom Upstream can be found on www.omvpetrom.com.

Factsheet OMV Exploration & Production Romania (PDF, 307,9 KB)


Bulgaria
 

On August 31, 2020 OMV Petrom, completed the transaction for the acquisition of 100% of the shares in OMV Offshore Bulgaria GmbH from OMV Exploration & Production GmbH and enters the Han-Asparuh exploration block in Bulgaria. Following Repsol’s exit, the Bulgarian regulator approved the allocation of Repsol’s 30% participating interest to the remaining two partners.
Thus, OMV Petrom’s share in the block, via OMV Offshore Bulgaria GmbH, is now 42.86%, alongside Total (57.14%) being the operator.

In 2012, the Bulgarian Government awarded the Han-Asparuh exploration block to the consortium of OMV (30%), Total (40%) and Repsol (30%).

Han-Asparuh is located in the western Black Sea in Bulgaria, south of the Neptun Deep Block in Romania and has an area of 13,819 km² with maximum water depths of over 2,000 m. Exploration activities started in 2012 and included geological and geophysical surveys and the drilling of three exploration wells. An extensive 3D seismic campaign was finalized in May 2020 covering 5,614 km². Seismic data processing is finalized (interpretation ongoing) and one potential ongoing towards maturing future drilling candidates has been selected.

Factsheet OMV Exploration & Production Bulgaria (PDF, 183,7 KB)

Georgia
 

In June 2020, OMV Petrom, has been selected as the winner of the open international tender held by the Ministry of Economy and Sustainable Development of Georgia for the Offshore Block II.

In March 2021, OMV Petrom, signed the Production Sharing Contract (PSC) for the offshore Block II in the exclusive economic zone of Georgian Black Sea.

The PSC provides for exploration, development and production of hydrocarbon resources in the offshore Block II. It covers a total area of 5,282 square kilometers and the water depth varies between 400 and 2,000 meters.

As an operator, OMV Petrom established an operating company in Georgia, proceeds with geoscientific and environmental studies in 2021 and prepares for a large offshore 3D seismic campaign in 2022, which will allow for a detailed evaluation of this block’s potential.

Factsheet OMV Exploration & Production Georgia (PDF, 139,7 KB)

In Middle East and Africa (MEA), OMV is active in the United Arab Emirates (UAE), Tunisia, Libya, the Kurdistan Region of Iraq and Yemen with production of 86 kboe/d in 2021.
 

Libya

OMV has been present in Libya since 1975 and undertook a major expansion in 1985 when it acquired 25% of Occidental Petroleum’s producing assets in the country. In 1994 and 1997 OMV signed Exploration & Production Sharing Agreements (EPSA) with partners Repsol, TOTAL and Equinor for blocks NC115 and NC186 in the Murzuq basin. In course of the exploration activities, several fields were discovered and consequently developed. In 2008 several EPSA agreements were renewed and signed in accordance with the EPSA IV contract model; OMV significantly extended the agreements until 2032. Since 2011, civil unrest, protests and especially blockages of pipelines and oil terminals have repeatedly led to the long-term interruption of production. In September 2016 the oil terminals in the Sirte basin re-opened and production from the Nafoora Augila field and license C103 could resume. Production depends on the security situation in the country and there have been temporary interruptions in recent years.

Also, OMV acquired additional shares from international partners for blocks C103, NC29/74, C102 and Nafoora Augila and is now the sole international partner of NOC (National Oil Company) who remains majority shareholder with a working interest of 88 to 90%. 

OMV has been investing in improving access to safe water and education facilities, as well as strengthening local medical emergency response in Libya as part of its global support to the Sustainable Development Goals. In response to the ongoing pandemic, OMV provided COVID-19 support to local communities in 2020.

In 2020 average OMV production rate was 7 kboe/d - currently it averages 35 kboe/d.

Factsheet Lybia  (PDF, 425,8 KB)


Tunisia
 

Tunisia has an important place in the history of OMV: The entry into the country in the early 1970s was the first foreign E&P project in the history of the Group. In 2003, with the takeover of Preussag Energie GmbH, OMV gained a very competitive position in Tunisia. Thereafter, it started a large exploration campaign in the South of the country, which led to gas-condensate discoveries, including the Nawara field in 2006. In February 2011, OMV concluded the acquisition of the Tunisian E&P subsidiaries of Pioneer Natural Resources in the South of the country. 

In August 2017, OMV divested its 50% stake in the Ashtart offshore oil field as well as its 50% stake in the operating company SEREPT. In December 2018, OMV divested its 50% stake in TPS together with its 49% stake in the concessions, through the sale of its 100% owned subsidiary named ‘’OMV Tunisia Exploration & Production GmbH’’. These divestments fit with OMV’s global strategy to optimize its portfolio.

In 2021, OMV’s equity production in Tunisia was ~10 kboe/d.

Factsheet Tunisia  (PDF, 558,5 KB)
 

  • The Nawara gas development project
    The Nawara concession was granted out of the Jenein Sud exploration permit. The project aims to deliver gas and byproducts to the Tunisian market. The field facilities within the concession will pre-treat raw gas and recover condensate. A 370 km long, 24” gas pipeline is built from the Nawara concession to the planned gas treatment plant in Gabès where commercial products (sales gas and LPG) will be produced.

In 2020, Nawara delivered its first gas to STEG, the national electricity and gas company.

The Nawara Development project is a key strategic infrastructure project for Tunisia enabling the unlocking of South Tunisia’s gas resources and a substantial part of OMV’s growth story in Tunisia.

 

United Arab Emirates, Abu Dhabi

In 2007, OMV opened a representation office in Abu Dhabi, which has served as a focal point for fostering the relationship with Abu Dhabi National Oil Company (ADNOC). Furthermore, since 2011, the Abu Dhabi office has served as the business hub for OMV's activities in the Middle East and Africa.

The close connection with Mubadala Investment Company of Abu Dhabi, OMV’s second largest shareholder through its subsidiary company holding 24.9% of OMV Aktiengesellschaft shares since 1994, supports OMV’s endeavors in the region.

In June 2012 OMV secured its first Exploration & Production position in the UAE through negotiated access. Together with the partners ADNOC and Wintershall (Operator) the sour gas and condensate field Shuwaihat was appraised. A year later OMV signed an exploration agreement with ADNOC to jointly explore the Eastern onshore region in Abu Dhabi.

With effective date of March 9, 2018 OMV was awarded a 20% stake in the offshore concession Abu Dhabi – Satah Al Razboot (SARB) field and the Umm Lulu field, as well as the associated infrastructure.

In December 2018, OMV and ADNOC signed a concession agreement awarding OMV with a 5% interest in the Ghasha concession located offshore Abu Dhabi and consisting of three major gas and gas condensate development projects.

In 2021, OMV’s total production rate reached 29.6 kboe/d.

Factsheet OMV Exploration & Production UAE (PDF, 352,1 KB)

Yemen
 

With the acquisition of Preussag Energie GmbH in 2003, OMV gained a strong presence in Yemen and holds four large exploration and production licenses.

The second quarter of 2015 brought a major deterioration of the security environment. OMV had to shut-in all production facilities in early April and declared force majeure on all its blocks and open contracts.
However, as the Habban field location has not been affected by the deteriorated security environment, comprehensive technical, commercial and security arrangements have been put in place to test a resumption production from Block S2. 

The oil produced is being trucked to the facilities of the near-by Block 4, operated by Yemen Company for Investment in Oil & Minerals (YICOM). From there the oil is pumped via a 204 km pipeline to YICOM’s Al Nushaima Terminal. The first crude oil was lifted end of July 2018.  All crude oil produced that year was, and continues to be, sold in the international market.

In 2021, the average OMV production rate was approx. 3.0 kboe/d.

Factsheet Exploration & Production Yemen (PDF, 263,6 KB)
 

Kurdistan Region of Iraq

OMV has been active in the Kurdistan Region of Iraq (KRI) since 2007 and holds a 10% share in Pearl Petroleum Company Limited (PPCLD) founded in 2009 with its joint operators Dana Gas and Crescent Petroleum.  

PPCLD is a consortium of five companies set up to appraise, develop and produce the world-class multi TCF (trillion cubic feet) Khor Mor and Chemchemal gas fields in KRI.

In 2017, PPCLD received the exploration rights for Block 19 and 20 in the KRI.

In 2021, average OMV production rate was 9.8 kboe/d.

Factsheet OMV Exploration & Production KRI (PDF, 185,9 KB)

Iran

OMV is currently not pursuing any business activities in Iran. There is only one non-operating subsidiary in Tehran for representation purposes (with a view to reimbursing expenses related to the 2001 Exploration Agreement on the "Mehr Block"). OMV complies with the applicable sanctions regime with respect to Iran, including the European Antiboycott Regulation. 

OMV is active in exploration, appraisal, development and production projects in Norway. The company is focusing on the production assets, exploration activities and maturing the Wisting and Hades/Iris discoveries.
 

Norway
OMV has been active in Norway since 2006 and was awarded the first license on the Norwegian Continental Shelf (NCS) in 2007. Today, OMV (Norge) AS is a license holder in a large number of production licenses (PL), several as operator. The licenses are located in the Norwegian part of the North Sea, in the Norwegian Sea and in the Barents Sea. The Norwegian branch, OMV (Norge) AS, is located in Stavanger with more than 100 employees.

Norway is one of the largest oil and gas exporters in the world and has a very stable political and economic environment, as well as a significant remaining resource potential. OMV’s Exploration & Production activities in Norway also provide synergies for integration with OMV’s Gas & Power division, such as access to the Central and Western European gas market. The exemplary high safety and environmental standards in Norway are guidelines for other OMV ventures. Activities in Norway are supported by a strong team of local and international experts.
 

  • Gudrun (OMV 24%)
    The Gudrun oil and gas field is located in the central part of the North Sea and is operated by Equinor. Gudrun is developed with a fixed facility with a steel jacket. The reservoir is high pressure and high temperature that requires special technology. The production started up in 2014. Oil and gas from Gudrun are transported to the Sleipner A facility via two pipelines for further processing and export.
     
  • Gullfaks (OMV 19%)
    The Gullfaks field is located in the northern part of the North Sea in several production licenses and is operated by Equinor. Gullfaks consists of the A, B and C facilities, in addition to several satellite fields. Oil is exported by shuttle tankers, and the gas is transported by Statpipe for further processing at Kårstø in Norway.
     
  • Edvard Grieg (OMV 20%)
    The Edvard Grieg offshore field operated by Lundin achieved its first oil at the end of November 2015. Edvard Grieg is an oil and gas field located 180 km west of Stavanger in the central part of the North Sea. The Edvard Grieg field consists of a platform topside on a steel jacket with full process facility. The oil is transported with a pipeline connected to the Grane oil pipeline to the Sture oil terminal in Norway. Gas is transported via a pipeline connected to the SAGE transport system to St. Fergus in Scotland.
     
  • Aasta Hansteen (OMV 15%)
    The Aasta Hansteen field is a deep water gas development located in the Norwegian Sea operated by Equinor. Aasta Hansteen started its production in 2018 and consists of a floating spar platform with a processing facility. The spar is a vertical column moored to the seabed. The gas is transported via the Polarled pipeline to Nyhamna gas treatment plant in Norway. 
     
  • Iris Hades (OMV 30%)
    The Iris Hades gas and condensate discoveries are located in PL 644 in the Norwegian Sea 20 km west of the Åsgard field. Three wells are drilled to date; the exploration well encountered hydrocarbons in both Hades and Iris reservoirs – both appraisal wells confirmed hydrocarbons in the Iris and reservoirs. OMV is the operator of Iris Hades with 30% working interest.

Factsheet OMV Norway 2022 (PDF, 374,6 KB)

The acquisition of the Shell assets in New Zealand was an important step in establishing Asia-Pacific as the fifth OMV core region. In addition, OMV Exploration & Production is active in Southeast Asia for the first time with the acquisition of a 50 percent stake in the new Malaysian joint venture company SapuraOMV Exploration & Production.

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.

New Zealand

OMV began operating in New Zealand after acquiring a 30 % share in the Maari oil field following the purchase of Cultus Petroleum of Australia in 1999. It has since expanded into a range of other assets through subsequent acquisitions. These include the Māui gas field and a 74% share in the Pohokura gas field.  

OMV currently holds interests in three operated exploration permits in New Zealand, and in three offshore production licenses or petroleum mining permits – all in the Taranaki region: Maari, Pohokura and Māui. 

OMV New Zealand is one of New Zealand’s largest gas producers and one of the country’s largest liquid hydrocarbon producers. 
 


Factsheet OMV New Zealand (PDF, 541,7 KB)

Malaysia

OMV Exploration & Production is now also active in Southeast Asia with the acquisition of a 50 percent stake in the new Malaysian joint venture company SapuraOMV Exploration & Production, headquartered in Kuala Lumpur. This strategic partnership between Sapura Energy Berhad and OMV Exploration & Production GmbH aims to become one of the leading independent oil and gas companies in Asia-Pacific.
SapuraOMV has production and development assets in shallow waters offshore Malaysia as well as exploration interests in Mexico, Australia and New Zealand.

Factsheet SapuraOMV  (PDF, 570,0 KB)

Further regions

OMV’s cooperation with Russia dates back to 1968, when it became the first European company to conclude a gas supply agreement with the former USSR. This decision triggered several similar agreements with Western European companies. The Soviet Union remained a supplier and new gas supply agreements were signed in 1974, 1975 and 1982. In 2018 OMV extended these agreements with Russian Gazprom. 
 

  • Yuzhno Russkoye
    In 2017, OMV acquired a 24.99% share in the Yuzhno Russkoye natural gas field from Uniper SE. The acquisition is  adding 100,000 boe/d to OMV’s production. The Yuzhno Russkoye field is one of the largest gas fields in Russia, situated in Western Siberia. Current plateau production of the field amounts to 25 bn cubic meters per year (100%). The gas from this modern and technically-advanced field is the key resource for the Nord Stream pipeline which supplies Germany directly with Russian gas. The Yuzhno Russkoye transaction was closed on December 1, 2017 with a retroactive economic effect as of January 1, 2017.
     
  • Achimov​
    In October 2018, OMV and Gazprom signed a “Basic Sales Agreement” which foresees a potential acquisition of a 24.98% interest in the Achimov IV and V phase development in the Urengoy gas and condensate field by OMV for a purchase price to be negotiated in good faith.

    The “Basic Sale Agreement” replaces the “Basic Agreement” concluded between OMV and Gazprom on December 14, 2016 which provided for a potential asset swap of the aforementioned interest against a 38.5% participation of Gazprom in OMV (NORGE) AS.

    On March 1, 2022 the Executive Board of OMV has decided to not further pursue negotiations with Gazprom on the potential acquisition of a 24.98% interest in the Achimov 4A/5A phase development in the Urengoy gas and condensate field and to terminate the Basic Sale Agreement.

Factsheet OMV Russia 2022 (PDF, 258,2 KB)