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Portfolio & Locations

In Upstream, OMV has a strong base in Central and Eastern Europe as well as a balanced international portfolio, with Middle East & Africa, the North Sea, Russia and Asia-Pacific as further core regions. Daily average production was 463,000 boe/d in 2020.

In Upstream we intend to further increase our production, double the reserves and safeguard our business in the long term through a cost-optimized portfolio. However, strategic growth also calls for a geographically well-balanced portfolio, with which we can mitigate economic and political risks as effectively as possible.

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

OMV’s Upstream 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. 


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 2018, OMV Austria had a production of around 26.000 boe a day covering an area of more than 3,800 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, 996,0 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 2018, the annual production in Romania reached 55,82 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. Engineering, contracting, and regulatory activities took place during 2018. New legislation covering offshore operations came into force on November 17, 2018, providing the regulatory framework for offshore projects in the Romanian section of the Black Sea. This current legislative environment does not provide the necessary pre-requisites for a multi-billion investment decision.
    OMV Petrom remains keen to see the Black Sea developed and will therefore continue the dialogue with the authorities to understand the way forward.
  • Other major projects (Romania, OMV 100%)
    In 2018, around EUR 90 mn were invested in the modernization, extension, and construction of new oil and gas processing facilities and pipelines. The CHD (Central Hydrocarbon Dewpointing) Hurezani project, whose scope involved building a new low-temperature separation unit and related pipelines, has achieved significant progress toward a start-up in the first half of 2019.

    The Offshore Rejuvenation Program kicked off in 2015 consists of various projects aimed at 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 2023.

    Achievements in 2018 included an upgrade of the fire and gas detection systems on all platforms, an upgrade of cranes, and installation of riser protection.

    Detailed information on OMV Petrom Upstream can be found on

Taken from the Annual Report 2018.

Factsheet Romania (PDF, 1,4 MB)

OMV Petrom 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 as well sold domestically.

On December 29, 2020 OMV Petrom signed the transaction for the sale of its 100% shareholding in Kom-Munai LLP (KOM) and Tasbulat Oil Corporation LLP (TOC) in Kazakhstan to MAGNETIC OIL LIMITED . Closing of the transaction is subject to certain conditions precedent including approval by the Kazakh Ministry of Energy and is expected in the first half of 2021.

Factsheet Kazakhstan (PDF, 721,1 KB)


In 2012 the Bulgarian Government awarded the offshore 1-21 Han Asparuh exploration Block to the consortium of OMV (30%), Total (40%) and Repsol (30%). The first license period of five years contained an extensive exploration program where OMV acted as operator during the seismic acquisition phase.

The first exploration well, Polshkov-1, was successfully drilled in 2016. This was followed up by the drilling of two further exploration wells in 2017 (Rubin-1) and 2018 (Melnik-1). The well results and the potential for commercial viability are currently being analyzed along with carrying out additional geological & geophysical studies.

In December 2019 OMV has signed an agreement to sell 100% of the shares of OMV Offshore Bulgaria GmbH to OMV Petrom, based in Bucharest, Romania. Closing of the transaction is subject to certain conditions precedent and is expected by mid-2020.

Factsheet Bulgaria (PDF, 795,8 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 55 kboe/d in 2018. OMV’s key objectives are the production start of Nawara in Tunisia, achieve business development in Libya and optimize value contribution in the 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 30,000 bbl/d on average in 2018. Once the political situation stabilizes, OMV can increase production in Libya.

Factsheet OMV Upstream Libya (PDF, 607,6 KB)


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 Upstream GmbH’’. These divestments fit with OMV’s global strategy to optimize its portfolio.

In 2018, OMV’s equity production in Tunisia was 5 kboe/d.

Factsheet Tunisia Upstream (PDF, 820,5 KB)
Factsheet Community Relations at OMV Tunisia (PDF, 1,5 MB)

  • 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, 826,7 KB)

United Arab Emirates, Abu Dhabi

OMV opened a representation office in Abu Dhabi in 2007. Today Abu Dhabi is the Business Hub for OMV´s Upstream Middle East and Africa activities. 

Since 2011 OMV Abu Dhabi has served as an Upstream subsidiary for fostering the relationship with the Abu Dhabi National Oil Company (ADNOC), screening new business opportunities and coordinating 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.

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 2018 average OMV production rate was 5,000 boe/d.

Factsheet United Arab Emirates (PDF, 808,0 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.

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 and all crude oil produced in 2018 was sold on the international market.

In 2018 average OMV production rate was 3,000 boe/d.

Factsheet Yemen (PDF, 687,6 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 (Pearl) founded in 2009 with its joint operators Dana Gas and Crescent Petroleum. 

The consortium is producing and developing natural gas assets in KRI within the major gas fields Khor Mor and Chemchemal.

In 2018 average OMV production rate was 8,000 boe/d.

Factsheet Kurdistan Region of Iraq (PDF, 693,2 KB)

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.

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 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 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%) including Polarled
    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 will be transported via the Polarled pipeline to Nyhamna gas treatment plant in Norway. 
  • Wisting (OMV 25%)
    The Wisting discovery is located in the Hoop area of the Barents Sea in PL 537, approximately 310 kilometers from the mainland of Norway. OMV is the operations operator of Wisting with 25% working interest. Six wells are drilled to date. The sixth and latest appraisal well (Wisting Central III) was drilled in 2017. The Wisting discoveries are estimated to contain 1 billion barrels of oil in place, and an estimated range of 440 million barrels of recoverable resources.

Factsheet OMV Upstream Norway (PDF, 784,1 KB)
Factsheet Aasta Hansteen (PDF, 976,3 KB)
Factsheet Wisting (PDF, 788,8 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 2018, OMV signed a “Basic Sale Agreement” with Gazprom on potential acquisition of a nearly 25% interest in the Achimov 4A/5A 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 the former USSR. 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 2018 OMV extended these agreements with Russian Gazprom even as far forward as 2040.

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 acquisition of Yuzhno Russkoye and potential acquisition of Achimov, Russia has now become a core country for OMV and the Group continues to explore further growth opportunities in Russia.

  • Yuzhno Russkoye
    In 2017, OMV acquired a 24.99% share in the Yuzhno Russkoye natural gas field 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 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 4A and 5A 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. 
Factsheet OMV Upstream Russia (PDF, 845,0 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 Upstream 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 Upstream.


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 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 has been actively searching for additional oil and gas resources in New Zealand and currently holds interests in seven operated exploration permits ), and in three offshore production licenses or petroleum mining permits – all in the Taranaki region: Maari (oil), Pohokura and Māui (both gas). 

OMV New Zealand is New Zealand’slargest gas producer and one of the country’s largest liquid hydrocarbon producers. With its relatively unexplored basins and the interests of OMV currently, New Zealand offers potential for future discoveries and developments.

Factsheet OMV Upstream New Zealand (PDF, 555,4 KB)
Factsheet OMV and the Great South Basin New Zealand (PDF, 806,9 KB)


OMV Upstream is now also active in Southeast Asia with the acquisition of a 50 percent stake in the new Malaysian joint venture company SapuraOMV Upstream, 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, 977,8 KB)