Alfred Stern, Chairman of the Executive Board and CEO of OMV AG, said: “The positive result of our exploration is an exciting news for OMV and its customers. As we continue to work on our strategy to diversify our supply sources of natural gas, this new find marks a major contribution to the natural gas supply of our customers especially in Austria, with an expected increase of our local production.”
A preliminary evaluation indicates potential recoverable resources of approximately 48 TWh (28 million boe). After full development of the discovery, OMV expects its natural gas production in Austria to increase by 50 %.
OMV is currently considering different options to further appraise the field, as well as a fast-track development in conjunction with the OMV-operated natural gas facility in Aderklaa, situated 10 km from the new discovery.
