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Portfolio & Locations

OMV Upstream has operations in Europe, Russia, the Middle East, Africa and Asia-Pacific with a solid safety record. In 2017, daily production was 348 kboe/d.

The strategic priorities of OMV’s Upstream business are to renew and improve the quality of the asset base, double reserves, extend the track record of operational excellence and increase cash generation.

In Central Eastern Europe (CEE), OMV is active in Austria, Romania, Kazakhstan and Bulgaria. With a production of 196 kboe/d in 2017, OMV is among the largest producers in the region. As of December 31, 2017, proved reserves in CEE were 641 mn boe. OMV’s main objectives in CEE focus on maximizing profitable recovery and on unlocking the Black Sea growth potential.


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 Upstream "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 2017 OMV Austria had a production of around 28.000boe a day covering an area of more than 5,000 km². 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 – about a quarter of the annual Austrian domestic demand.

Factsheet OMV Upstream Austria (PDF, 325,5 KB)


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 2017, the annual production in Romania reached 58.6 mn boe.

Key projects in Romania are:

  • Neptun (Romania, OMV 50%)
    Neptun Deep represents the deepwater sector of the XIX Neptun block in the Romanian Black Sea, where OMV Petrom is conducting activities through a joint venture with ExxonMobil (operator). Following the first gas discovery made during the 2011 – 2012 exploration drilling campaign (Domino-1 well), extensive seismic acquisitions and further exploration and appraisal drilling, including well testing, were performed. In 2017, extensive engineering activities took place in preparation for the potential final investment decision that is planned for the second half of 2018.
  • Other major projects (Romania, OMV 100%)
    In 2017, several field development and redevelopment projects such as Independenta Phase 1 and Burcioaia were handed over to operations. Meanwhile, other projects achieved some major milestones, such commissioning of the produced water treatment plant in Suplac, the first gas delivery to the National Transport System in Madulari and start of project execution in Hurezani, where the aim is to install a low–temperature separation unit and build the related pipelines.

The Offshore rejuvenation program, which started in 2015, consists of 34 projects with the target of upgrading the offshore facilities and pipelines, reducing operational risk and increasing process safety with a total estimated investment expected to exceed EUR 200 mn by 2022.

In 2017, OMV Petrom divested nineteen marginal fields as part of its portfolio optimization focus. Unlocking deep onshore opportunities in existing OMV Petrom’s licenses offers significant growth potential in addition to the Neptun Deep block.

Detailed information on OMV Petrom Upstream can be found on

Taken from the Annual Report 2017

OMV is the operator of four producing onshore oilfields Tasbulat, Turkmenoi, Aktas and Komsomolskoye. All fields are located in the Mangistau region of West Kazakhstan near the Caspian Sea. Crude produced is sold both internationally and domestically. Associated gas produced is re-injected and sold domestically.


In 2012 the Bulgarian Government awarded the Han Asparuh exploration Block located in the offshore Black Sea to the consortium of OMV (30%), TOTAL (40%) and Repsol (30%). Strategically well positioned next to the Neptun block offshore Romania (Domino discovery – 1.5 – 3.0 TCF) the huge block (14,220 km²) offers additional potential to find hydrocarbons in the Western Black Sea Basin.

The first license period of five years contained an exciting exploration program. OMV acted as operator during the seismic acquisition phase where it acquired 7,740 km² of 3D and 3,000 km of 2D seismic thereby completing the largest ever 3D seismic acquisition campaign in the Black Sea as well as OMV’s largest operated seismic program. OMV was in charge of processing of all acquired seismic data and interpretation of the greatest part of the data. OMV handed over operatorship to Total in 2014 when preparatory work for drilling of the first exploration well started.

The first exploration well, Polshkov-1, was successfully drilled in 2016. This was followed up in 2017 by the drilling of the second exploration well Rubin-1 at the end of the year, thus fulfilling the first license period commitment of drilling two exploration wells to a combined total depth of 11,000 m. The well results and the potential for commercial viability are currently being analyzed. Activities in the second license period starting in January 2018, with a duration of two years, will also focus on assessing the additional prospectivity potential of the block by carrying out additional G&G studies.

In Middle East and Africa (MEA), OMV is active in Libya, Tunisia, the Kurdistan Region of Iraq, Yemen and the United Arab Emirates and produced 46 kboe/d in 2017. OMV’s key objectives are the production start of Nawara in Tunisia, stabilizing production in Libya and developing the position in UAE. In addition, OMV pursues further growth opportunities in the hydrocarbon-rich and low production cost Middle East region to ensure sustainable reserves replacement.

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. When the blockages of the Sharara pipeline was lifted in December 2016, the fields located in the Murzuq basin could resume production. 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’s Libyan production was 25,000 bbl/d on average in 2017. Once the political situation stabilizes, OMV can increase production in Libya.

Factsheet OMV Upstream Libya (PDF, 270,0 KB)


Tunisia plays a significant role 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 (kindly refer to OMV’s press archive, February 18, 2011). The transaction added significant exploration and development upside. Furthermore, it offers substantial operational synergy potential given its adjacency to OMV’s existing Tunisian assets.

Factsheet Tunisia Upstream (PDF, 226,6 KB)
Factsheet Community Relations at OMV Tunisia (PDF, 156,3 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.
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.

Factsheet Nawara Gas Development (PDF, 213,7 KB)

United Arab Emirates, Abu Dhabi

OMV opened a representation office in Abu Dhabi in 2007. Today Abu Dhabi is the location of the Business Hub for OMV´s Upstream Middle East & Africa activities. Since 2011 OMV Abu Dhabi serves as an Upstream subsidiary for fostering the relationship with ADNOC (Abu Dhabi National Oil Company), the screening of new business opportunities as well as the coordination of existing activities in North Africa and the Middle East region.

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 upstream 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 upstream exploration agreement with ADNOC to jointly explore the Eastern onshore region in Abu Dhabi. Together, the projects should provide a shorter and longer term contribution to Abu Dhabi’s strategic targets to increase domestic gas production and replace reserves. This would help to cover the increasing energy demand of the United Arab Emirates and the country’s long-term export capability.
With effective date of March 9, 2018 OMV became a 20% shareholder of ADNOC’s offshore concession UMM LULU, SARB, BIN NASHER and AL BATEEL.

Factsheet United Arab Emirates (PDF, 373,3 KB)


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

In Yemen, the second quarter of 2015 brought a major deterioration of the security environment. A sea blockade of the ports in Yemen prevented the crude export. 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 is being trucked to the facilities of the near-by Block 4, operated by YICOM (Yemen Company for Investment in Oil & Minerals). 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 and has been sold on the international market.

OMV entered Madagascar in 2013 by acquiring a 40% stake in the 16,000 km²  "Grand Prix" offshore exploration block from Niko Resources Ltd (Niko),  in line with OMV’s then strategy to develop growth through exploration in the Sub-Saharan Africa region.
In 2015, OMV took an additional 50% equity in the Grand Prix license and conducted a 3,000 km² 3D seismic survey. Following completion of the processing of this survey in late 2016, the evaluation of the Grand Prix block is still ongoing. Preparatory work for drilling the first offshore exploration well in 2019 started.
OMV seeks additional partners to share in the license.

Factsheet Madagascar (PDF, 185,8 KB)

Kurdistan Region of Iraq
OMV has been active in the Kurdistan Region of Iraq since 2007, and holds a 10% share in Pearl Petroleum Company Limited.

In April 2001, OMV started its activities in Iran as operator of the Mehr exploration block. With operational and HSSE excellence, OMV Iran drilled three exploration wells in the Mehr Block, the first one leading to a successful discovery in 2005. 

In May 2016, the National Iranian Oil Company (NIOC) and OMV signed a Memorandum of Understanding (MoU) concerning the evaluation of five oil fields in the West of Karoun area, for potential future development. The MoU also covered an envisaged cooperation in the area of technology research, crude and petroleum product swap business.

At the same time, OMV also signed a Joint Study Agreement with NIOC Exploration Directorate for study of potential prospectivity of the Fars Area (on and offshore).
The scope of work for cooperation under above mentioned MoU and the Joint Study Agreement has already been concluded. 

OMV is active in exploration, appraisal, development and production projects in Norway and is focusing on bringing Aasta Hansteen on stream, maturing the Wisting discovery and expanding its exploration activities.

OMV has been active in Norway since 2006 and was awarded the first license at 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 in the southwestern part of Norway 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 Upstream 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 in PL 025 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 center is located in the northern part of the North Sea in several production licenses and is operated by Equinor. Gullfaks was discovered in 1978 and started production in 1986. Gullfaks has been developed to a field center and a hub for the area. The field has been developed with several facilities; Gullfaks A, B and C. Gullfaks A and C receive and process hydrocarbons from the satellite field Gullfaks Sør and several other oil and gas fields. Gullfaks B is a processing facility and oil and gas is transferred to A and C for storage and export. Oil is exported by shuttle tankers, and the gas is transported by Statpipe for further processing at Kårstø in Norway. Production from the satellite field Gullfaks Rimfaksdalen started in September 2016.
  • 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 in PL 338. The Edvard Grieg field consists of 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%) including Polarled
    The Aasta Hansteen field is a deep water gas development located in the Norwegian Sea in PL 218 operated by Equinor. Aasta Hansteen consists of a floating spar platform with a processing facility. The spar is a vertical column moored to the seabed. The condensate will be loaded to shuttle tankers at the field and transported to the market. The gas will be transported via the 480 km long Polarled pipeline to the Shell-operated Nyhamna gas treatment plant in Norway. Expected production start-up for the Aasta Hansteen field is in Q4 2018. 

Factsheet OMV Upstream Aasta Hansteen (PDF, 3,3 MB)
Factsheet OMV Upstream Norway (PDF, 319,8 KB)

In 2017, OMV established Russia as a new core region following the acquisition of approximately 25% in the giant Yuzhno Russkoye gas field. In 2016, OMV signed an asset swap agreement with Gazprom for nearly 25% of the Achimov IV/V development project in Urengoy, one of the world’s largest gas fields. Russia offers abundant remaining hydrocarbon reserves, a low-cost structure and an established pipeline access to the European gas markets.

OMV’s cooperation with Russia dates back to 1968, when it became the first European company to conclude a gas supply agreement with it. This pioneering move averted a supply shortage on Europe’s booming gas market and provided a model for several similar agreements with Western European companies. The Soviet Union remained a reliable supplier and new gas supply agreements were signed in 1974, 1975 and 1982. After decades of strong cooperation and secure supplies, in 1994 OMV extended these agreements with Russian Gazprom until 2006, 2012, and even as far forward as 2027.

Since 1991 OMV has had a representative office in Moscow. In 2017 OMV started building a full “HUB” organization in St. Petersburg, which is responsible for OMV operations in Russia. With the aquisition of Yuzhno-Russkoye, upcoming closing of swap deal regarding Achimov and other potential assets Russia has now become a core country for OMV and the Group continues to explore further opportunities here.

  • Yuzhno Russkoye
    In 2017 OMV acquired a 24.99% share in the Yuzhno Russkoye natural gas field located in Western Siberia from Uniper SE. The acquisition builds a new core area, Russia, in OMV’s Upstream portfolio 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 license will expire by the end of 2043. 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. Yuzhno Russkoye field has become a major source of reserve replenishment in OMV’s portfolio. The transaction enables OMV to reach its strategic target of a 100% reserves replacement rate for a period of around five years based on OMV’ s 2016 production volume. The Yuzhno Russkoye transaction was closed on December 1, 2017 with a retroactive effective date as of January 1, 2017.
  • Basic Agreement on Achimov IV and V

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. Production is expected to start up in 2020.

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.

The execution and implementation of the potential transaction is, amongst others, subject to agreement with Gazprom on the final transaction documents and regulatory and corporate approvals at a later stage. The signing of the final transaction documents is expected in the beginning of the year 2019.

Factsheet OMV Upstream Russia (PDF, 225,8 KB)

OMV is engaged in exploration and production activities in New Zealand and
in exploration in offshore Australia. In 2017, production was 17 kboe/d and
proven reserves at year-end were 15 mn boe. Asia-Pacific is to be developed
into a core region in order to unlock the growth potential of the rapidly
growing Asian market.


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 to the north of the giant gas discoveries that constitute the backbone of Australia’s Liquefied Natural Gas (LNG) industry. In Australia, OMV is involved in three non-operated exploration permits and one non-operated retention lease. 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 licence to retention lease, and a new 3D seismic survey acquired in early 2017 will allow further evaluation of these discoveries.
OMV also holds interests in a number of neighboring permits that have promising potential for gas 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 shares in the Maui and Pohokura gas fields and the Maui pipeline. OMV has been actively searching for additional oil and gas resources in New Zealand and currently holds interests in nine exploration permits (seven of them as operator), and in three offshore production licenses or petroleum mining permits – all in the Taranaki region: Maari (oil), Pohokura and Maui (gas). The natural gas from the latter two large gas fields and the Maari oil field production make OMV New Zealand the largest producer of liquid hydrocarbons and the third largest natural gas producer in the country. With its relatively unexplored basins, New Zealand offers enormous potential for future discoveries and developments.

Factsheet OMV Upstream New Zealand (PDF, 225,5 KB)