Exploration and

Production
Project and country profiles

August 2014

OMV Aktiengesellschaft

Disclaimer
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2 | OMV Group

More than 1 bn barrels in the project pipeline

New ventures

Middle East
Africa

Exploration

Appraisal

Development

Black Sea
Norway
UK
Faroe Islands
New Zealand
United Arab Emirates
Gabon
Namibia
Madagascar

Domino (Black Sea)

FRDs (Austria, Romania)
Bina Bawi (KRI 1)
Cambo Hub (UK)
Zola (Australia)
Shuwaihat (UAE)
Wisting (Norway)

FRDs (Romania)
FRDs (Austria)
Rosebank (UK)
Zidane (Norway)

Total
volumes

~270 p.a. 2
mn boe

Production
contribution

~600
mn boe 3
2016: 70-80 kboe/d

Execution

FRDs (Romania)
FRDs (Austria)
Habban (Yemen)
Schiehallion (UK)
Edvard Grieg (Norway)
Aasta Hansteen (Norway)
Maari Growth (New
Zealand)
Nawara (Tunisia)

~500
mn boe 3
2021: 180-240 kboe/d

4 to 12 years lead time

1

Kurdistan Region of Iraq

3 | OMV Group

2 Discovered

technical resources, 3-year average 2013

Expected cumulated field life production

Production

This page is left blank intentionally

4 | OMV Group

Content
Projects under development
Projects under appraisal
Exploration focus
Countries

5 | OMV Group

Major projects under development

New ventures

Exploration

Project

Type

Production
start

2P reserves

Peak
production

Project
investments

Working
interest

primary

year

mn boe

kboe/d

EUR mn

FRD Romania

Oil/Gas

2013-2015

~100

~17

FRD Austria

Oil/Gas

2013-2015

~15

~9

Maari Growth

Oil

2014

~10

~7

Habban

Oil

2014

~28 3

~10

Nawara

Gas

2016

40-50

~10

Schiehallion

Oil

2016

~42

~12

Edvard Grieg

Oil

2016

~38

~19

Aasta
Hansteen 4

Gas

2017

~43

~18

Zidane

Gas

2018

~20

~7

Oil

end of decade

~125-150

~50

Rosebank 5

Country

Cumulated FRDs; forward investments; data as of end-2013

All figures net to OMV

6 | OMV Group

Appraisal

Via OMV Petrom

3 Including

Development

Execution

~500-550 1

Operated

100.0 2

OP

100.0

OP

69.0

OP

44.0

OP

50.0

OP

~11.8

NO

20.0

NO

15.0

NO

t.b.d.

20.0

NO

under review

50.0

NO

~260
~160
~820 3
~550
~740
~640
~810

Phase 1 and 2 of the project

incl. Polarled

Divestment of ~10-20% stake planned

Field Redevelopment projects, Romania

FRDs: Lebada East, Suplac, Videle G2, Bulbuceni, Burcioaia,
Oprisenesti, Independenta Ph. 1, Phoenix Ph.1, Istria Ph. 1,
Tazlau Ph. 1 (Pilot), Madulari
~100 mn 2P of oil and gas, coming on stream 2013-2015
Peak production: ~17 kboe/d 1
Investments: EUR ~500-550 mn 1, 2
Madulari: Upgrade of facilities and redevelopment of the

Suplac horizontal wells

ROMANIA

Exploration only
Exploration and Production
1

Cumulated FRDs, data as of end-2013

7 | OMV Group

Mamu West area

Suplac: In-situ combustion and cyclic steam injection 3
Plan for additional drilling of 105 wells and modernization of
the facilities until 2015
Ensures 10% of the total oil production of Petrom in
Romania
Oprisenesti: Water injection and use of HPIS to optimize
productionall tanks replaced in water treatment station;
Independenta Ph.1: Identify and develop the underdeveloped
areas
Videle G2: Staged Polymer EOR redevelopment 2014
Istria Ph.1: Redevelopment of the producing fields and drilling
exploration wells
Tazlau Ph.1: Implementation of five spot water injection in
reservoir by working over existing injection and production

investments going forward, data as of end-2013

Horizontal Alternating Steam Drive concept

Field Redevelopment projects, Austria

FRDs: 8. TH Phase 1, Erdpress, 16. TH Bockfliess Area,
Nordfeld Gas
~15 mn boe 2P of oil and gas, first oil/gas in 2013-2015
Peak production: ~9 kboe/d 1
Investments: EUR ~260 mn 1
8. TH Phase 1: Six new wells on stream
Erdpress: Four new wells on stream; additional seven

production wells and two injectors planned

16. TH Bockfliess Area: One new well on stream, two

injector wells planned

AUSTRIA

Nordfeld Gas: Further development of the area by drilling at

least one more gas well and building gas infrastructure

Increase production and recovery by implementing new

exploitation strategies
Upgrade treatment facilities to increase throughput capacity,

build new pipelines

1 Cumulated FRDs
Note: data as of end-2013, all figures net to OMV

8 | OMV Group

Maari Growth, New Zealand

OMV (Op, 69%), Todd (16%), Horizon Oil (10%), Cue Taranaki
(5%)
Scope: Drill and tie in four horizontal oil producer wells and one
horizontal water injection well
2P reserves: ~10 mn boe
Peak production: ~7 kboe/d
Ensco 107 drilling rig

FID May 2013, production start expected in H2/14

Investments: EUR ~160 mn
Develop the proven oil accumulations through:
Drilling additional wells and sidetracks
Optimization of current water flooding
Review of results of Manaia-2 appraisal well ongoing
Commenced drilling campaign (10+ months) in April 2014

All figures net to OMV

9 | OMV Group

Habban, Yemen
OMV (Op, 44%), SINOPEC (37.5%), YOGC (12.5%), YRL(6%),
PSA contract
~28 mn bbl 2P reserves of oil 1, 2
Actual production in 2013: ~6 kboe/d
Peak production (2016): ~10 kboe/d 2
Investment: EUR ~820 mn 2

Central Processing Facility construction site

YEMEN

1 2013 figures 2 Including Phase 1 and 2 of the project

All figures net to OMV

10 | OMV Group

Production start via early production facilities in 2006,

central processing facility under construction

2nd development phase started 2009

Restart of field development in April 2013 after security

upgrade

Scope: wells, central processing facility and oil export

pipeline

Additional potential in Habban field is under evaluation

Nawara, Tunisia
OMV (Op, 50%), ETAP (50%)
40-50 mn boe of gas coming on stream in 2016
Peak production (2017): ~10 kboe/d
Investments: EUR ~550 mn
To be double checked
Final Investment Decision taken in 2014
Nawara - pipeline yard

Gas field development including construction of

gas pipeline and treatment plant

Gas sales agreement signed
Line pipe manufacturing completed, ready for delivery to site
EPCC contractors being mobilized

TUNISIA

All figures net to OMV

11 | OMV Group

Schiehallion, UK
BP (Op, 33.35%), OMV (11.76%), Shell (54.90%)
~42 mn boe 2P of oil and associated gas, coming on stream in
2016
Peak production: ~12 kboe/d
Investments: EUR ~740 mn
Offshore oil field redevelopment to prolong production to
Naming Ceremony Deep Sea Aberdeen, Geoje South Korea

beyond 2035
Production ceased in January 2013, old FPSO

removed in

Q2/14
Offshore program including sub-sea infrastructure progressing

according to plan
New FPSO construction is 83% complete
UNITED
KINGDOM

Up to 20 further wells planned five year drilling commitment

for newly built rig 91% complete

All figures net to OMV

12 | OMV Group

Edvard Grieg, Norway

Lundin (Op, 50%), OMV (20%), Wintershall (15%), Statoil (15%)
~38 mn boe 2P of light oil and associated gas
On stream in 2016 with peak production of up to 19 kboe/d
Investments: EUR ~640 mn
Offshore oil field development (~180 km west of Stavanger,

water depth of ~110 m)

Platform concept

FID taken; project execution according to plan

Jacket installed offshore by end April 2014
Topside fabrication ongoing at various Norwegian sites
Appraisal well Grieg SouthEast confirmed extension of

NORWAY

Edvard Grieg field to South, evaluations ongoing

Gas export pipelaying commenced in July 2014
Oil export pipelaying planned for H1/15

All figures net to OMV

13 | OMV Group

Aasta Hansteen, Norway

Statoil (Op, 75%), OMV (15%), Conoco Phillips (10%);
Polarled project (OMV share ~9%)
~43 mn boe 2P of dry gas (from three discoveries), coming on
stream in 2017 1
Production: Up to 18 kboe/d
Investments: EUR ~810 mn
Spar concept
Deep water development with first floating Spar platform in

Norway and the largest in the world 2

Overall project progress on plan
NORWAY

Polarled project: 480 km new gas pipeline and upgrade of

Nyhamna gas processing plant, pipeline coating started

Cut of first steel for Spar hull in South Korea in April 2014
Start of production drilling planned for late 2015

1 Latest start-up date from operator

All figures net to OMV

14 | OMV Group

2 160,000

barrels condensate storage capacity

Zidane, Norway
RWE Dea Norge (Op, 40%), OMV (20%), Edison (20%), Maersk
(20%)
~20 mn boe expected cumulative production (98% gas)
Start of production: 2018
Peak production: ~7 kboe/d
Investments: t.b.d.
Zidane concept

Development of offshore gas condensate field

Zidane-West

discovery drilled in Q2/12; current evaluations

indicate higher volumes than in 2012 pre-drill

Concept selection taken in March 2013: Tie-back to Heidrun

platform (15 km); export of gas via Polarled 2 pipeline to

NORWAY

Nyhamna gas processing plant

FEED completed in Q4/13; optimization initiated
Project options being reconsidered

2 Former NSGI: North Sea Gas Infrastructure; Zidane share in Polarled is ~ 2.4%
Former Zidane-2
All figures net to OMV

15 | OMV Group

Rosebank, UK
Chevron (Op, 40%), OMV (50% 1), DONG (10%)
125-150 mn boe 2P of oil and associated gas, coming on stream
end of decade
Peak production: ~50 kboe/d
Investment: Under review

Deep water oil field development including FPSO, production

and water injection wells, subsea facilities and a gas export

pipeline

FPSO concept

Project in progress; FID planned for 2015 2

Significant commitments made for newly built drill rig
FEED optimization progressing well; significant improvements

identified
UNITED
KINGDOM

1 Intention

is to divest between ~10-20% stake

All figures net to OMV

16 | OMV Group

2 OMV

view

Content
Projects under development
Projects under appraisal
Exploration focus
Countries

17 | OMV Group

Major projects under appraisal

New ventures

Exploration

Development

Execution

Type

Production
start

Cumulative
production

Working
interest

primary

year

mn boe

FRD Romania

Oil/Gas

2014-2017

~200-250

FRD Austria

Oil/Gas

2015

~5

Cambo Hub 2

Oil/Gas

end of decade

~120-150

Gas/NGL

end of decade

Domino

Gas

Zola

Project

Country

Shuwaihat 3

Wisting
Bina Bawi

Appraisal

Via OMV Petrom

18 | OMV Group

Cambo, Tornado, Suilven

Operated

100.0 1

OP

100.0

OP

47.5-65.0

OP

t.b.d.

50.0 4

NO

end of decade

0.75-1.5 tcf

50.0 1

NO

Gas

end of decade

t.b.d.

20.0

NO

Oil

end of decade

t.b.d.

25.0

OP

Gas

t.b.d.

t.b.d.

36.0

OP

3 Technical

Evaluation Agreement

4 50%

of expected gross volumes in appraisal phase to OMV

All figures net to OMV

Field Redevelopment projects, Romania

FRDs: Videle-Blejesti, Balaria, Tazlau Ph.2, Phoenix Ph.2,
Independenta Ph.2, Istria Ph.2, Bustuchin, Muntenia, Bacea,
Barbuncesti, Calinesti, Preajba Cartojani
~200-250 mn boe expected cumulative oil and associated gas
production 1
Start of production: 2014-2017
Bacea: 3D seismic acquisition in 2014, seismic interpretation,

subsurface studies, workovers and water injection pilot

Barbuncesti: Increase oil recovery factor; 3D seismic

acquisition planned for 2014

ROMANIA

Calinesti: New seismic survey to be acquired, early water

injection pilot, further evaluation and subsurface studies, infill

drilling to increase the recovery factor
Preajba Cartojani: Seismic interpretation and subsurface
Exploration only
Exploration and Production
1

Data as of end-2013, all figures net to OMV

19 | OMV Group

studies, infill drilling to increase recovery factor

Field Redevelopment projects, Austria

FRD: Matzen field: 8. to 16. TH horizons; Pirawarth & Hochleiten
fields
~5 mn boe expected cumulative oil and gas production
Start of production: 2015
8. to 16. TH Matzen
Increasing production and recovery by drilling additional

wells and upgrading existing wells in all horizons 8. to

16.TH in Matzen
Continue polymer pilot project
Successful exploration well in Nordfeld field (Dobermannsdorf

2a) and appraisal well in Matzen field (Prottes Tief Sd 3b)

AUSTRIA

Consider change of current IOR strategy (peripheral water

flood only) by implementing pattern water flooding, and

possible introduction of EOR measures (polymer flooding)

Data as of end-2013, all figures net to OMV

20 | OMV Group

Cambo Hub, UK
Three projects: Cambo (OMV Op. 47.5%, Chevron 32.5%,
Dong 20%); Tornado (OMV Op. 65%, Dong 20%, Faroe 7.5%,
Idemitsu 7.5%); Suilven (OMV Op. 57.5%, Shell 25%, Statoil
8.75%, JX Nippon 8.75%)
Start of production: end of decade, early production
opportunities being evaluated
Expected cumulative production: 120-150 mn boe oil and gas
Area hub potential for Cambo, Tornado and Suilven and

exploration potentials
Cambo Appraisal program to reduce subsurface uncertainty,

subsurface modelling and development option screening

ongoing, 3D seismic acquisition program started
Tornado and Suilven will be progressed with Cambo
UNITED
KINGDOM

21 | OMV Group

Tie-in possibilities to Cambo for Blackrock exploration well

Shuwaihat, U.A.E.
Wintershall (Op, 50%), OMV (50%)
Gas and condensate (NGL)
Start of production: end of the decade

Appraisal of sour gas and condensate field

Signed TEA with ADNOC in June 2012
OMV: Proven track record of safe development and

production of sour gas (H2S and CO2) in Austria and Pakistan

U.A.E

Drilling program: Three wells in appraisal phase - spud of first

well Shuwaihat 5 on May 18, 2014; drilling ongoing

3D seismic acquisition planned

All figures net to OMV

22 | OMV Group

Domino, Black Sea Romania

ExxonMobil (Operator, 50%), OMV Petrom (50%)
Domino-1 discovery: 70.7 meters of net gas pay, preliminary
estimate 1.5-3 tcf (42-84 bcm; 250-500 mn boe), gross
Start of production: towards end of decade 1
Domino-1: First deep water (~930 m) exploration well offshore

Romania, total depth >3,000 meters below sea level

Ocean Endeavor rig started drilling the Domino-2 well in July

Ocean Endeavor rig

and is expected to be completed by the end 2014, with results

available in 2015
3D seismic data and results from drilling campaign continue to

ROMANIA

Neptun
Neptun
Deep
deep
Block
block

UKRAINE

Third exploration well is expected to start following the

BULGARIA

TURKEY

500km

1 If

commercially viable

23 | OMV Group

be processed

RUSSIA

GEORGIA

completion of Domino-2 drilling

Zola, Australia
Apache (Op, 30.25%), OMV (20%), Santos (24.75%), Nippon
(15%), Tap (10%)
Zola-1: Discovery confirmed net gas pay 130 m in 2011
Bianchi-1: Appraisal well in 2013 net gas pay estimated at
112 m
Start of production: end of decade
Ocean America rig (Bianchi-1)
3D seismic acquisition in 2014/15 to mature further appraisal

targets and assess potential of deeper gas sands found in

AUSTRALIA

Exploration only
Exploration and Production

24 | OMV Group

Bianchi-1

Wisting discovery
Exploration license PL 537 awarded to OMV 2009
OMV (Op, 25%), Petoro, Idemitsu, Tullow (each 20%) and
Statoil (15%)
Estimate 200-500 mn boe (gross) total recoverable oil
resources within PL 537 - opened new play type

Wisting Central discovery in September 2013

Shallow reservoir approx. 250 m below sea level

Transocean Barents Hanssen

Preliminary estimates 60-160 mn bbl of recoverable oil,

10-40 bn cf of recoverable gas

Water depth: 400 meters
Hanssen appraisal well drilled in Q2/14 proved oil in

another structure
NORWAY

20-25 meter gross oil column in the main target (St

Formation); Successful formation test

Preliminary estimates 20-50 mn boe of recoverable

resources, largely oil

Further seismic and appraisal drilling in 2015 to prove up

commercial volumes, rig contract awarded

All figures net to OMV

25 | OMV Group

Bina Bawi, KRI

OMV (Op, 36%), Genel (44%), Government (20%)
Significant gas potential (albeit sour gas)

Operatorship taken over in August 2010

Tests of appraisal wells Bina Bawi-4, -5 and -6 completed,

limited oil volumes but significant (sour) gas potential

Investigating gas commercialization and development

Bina Bawi drilling rig

KURDISTAN REGION
OF IRAQ

26 | OMV Group

Content
Projects under development
Projects under appraisal
Exploration focus
Countries

27 | OMV Group

Exploration update and high impact wells 1

Exploration only
Exploration and production
North Sea
Region

Hagar

Atlantis
Apollo
Hanssen/
Wisting

Sula-Stelkur
Brugdan
Lyon

Stripfing T1

Black
Sea
Domino-2

Core
countries

Neptun Deep
Polshkov Lead

Sub-Saharan
Africa
Okala

New Ventures
Montenegro bidding round: Government accepted consortium with Marathon
Seismic
2
Namibia: 5,000 km 3D seismic acquisition finished in June
Drilling
Wisting appraisal well Hanssen proved additional oil
Black Sea: Marina-1 exploration success, Domino-2 well spudded in July
Luno II: Appraisal drilling ongoing, results expected in H2/14
Spud
Working
Operated
Well
Country
Basin/Block
Type 2
date 3
interest
Affanga Deep

Gabon Offshore

Dry

30%

NO

Okala

Gabon Offshore

Dry

10%

NO

Apollo

Barents Sea

Dry

20%

NO

Hanssen (Wisting)

Barents Sea

Oil

25%

OP

West of Shetland

Dry

15%

NO

Barents Sea

Dry

20%

NO

West of Shetland

Drilling

30%

NO

Black Sea

Drilling

50% 4

NO

NO

Brugdan
Atlantis
Sula-Stelkur

Affanga Deep

Domino-2
Berenty Lead

RO

Neptun Deep

RO

Black Sea

2014-15

50%

Stripfing T1

AT

Vienna Basin

2014-15

100%

OP

Hagar

NO

Norwegian Sea

2015

20%

NO

West of Shetland

2015

40%

OP

Berenty

2015

35%

NO

Polshkov Lead

Han Asparuh

2015

30%

NO

Wisting Appraisal

Barents Sea

2015

25%

OP

Lyon

High impact well

NO

Berenty Lead

1 >25

mn boe net to OMV 2 Exploration/Appraisal

requirements 4 Via OMV Petrom

28 | OMV Group

3 Subject

to updates based on operational

Exploration North Sea Region

(Norway, United Kingdom, Faroe Islands)
Drilling further four high impact wells 2014-2015 in the
region
Norway: Drilling campaign in under-explored Barents Sea

Wisting appraisal well Hanssen confirmed additional oil. Total Wisting

potential within PL 537 in the order of 200-500 mn bbl (gross)

23rd bid round (2015/16): evaluation ongoing

Additional acreage around future Edvard Grieg hub under evaluation

(Norwegian North Sea)

United Kingdom/Faroe Islands: West of Shetland

29 | OMV Group

Sula-Stelkur high impact well spudded on June 30, 2014

Further opportunities in maturation phase for 2015/16 including new

acreage evaluation

Exploration Black Sea

Neptun Deep (Romania)
OMV Petrom (50%), ExxonMobil (Operator, 50%)
Domino-1 discovery in 2012: a play opener;

preliminary resource estimate 1.5 - 3 tcf (42-84 bcm) of gas

Drilling campaign 2014/15: Domino-2 well followed by further
deep water exploration drilling, subject to well results and further studies
Midia Deep (Romania)
OMV Petrom (42.5%), ExxonMobil (Operator, 42.5%), Gas Plus (15%)
3D seismic processing ongoing
Han Asparuh (Bulgaria)
OMV (30%), Total (Operator, 40%), Repsol (30%)
3D seismic acquisition completed (~7,700 km2); continued work program
(G&G studies) will facilitate drilling of two deep water exploration wells in
2015/2016
Operatorship handed over to Total as of April 1, 2014
Skifska exploration block (Ukraine)
ExxonMobil and OMV Petrom remain interested in the Skifska license, on
hold due to current circumstances

30 | OMV Group

Exploration Sub-Saharan Africa

Madagascar

Offshore Grand Prix license: OMV (40%), Niko Resources Ltd (Operator,
35%), EnerMad (25%)
Large, underexplored offshore license with untested deepwater play
fairway

Onshore Madagascar: Farmed into two blocks 1, Berenty and Mandabe;

OMV (35%), Tullow (Operator, 65%)

2D seismic acquisition planned for end 2014, 2015

High-impact exploration well in Berenty block scheduled for 2015

Gabon

Four offshore licenses operated by Ophir Energy; Ntsina/Mbeli - OMV

(10%); Manga/Gnondo - OMV (30%)
Around 8,000 km2 3D seismic acquisition planned in Q3/14 to unlock high
potential deepwater play

Namibia

Two offshore blocks, OMV (25%), Murphy (Operator)

Chasing various plays in close proximity to potential hydrocarbon source

area

5,000 km2 3D seismic acquisition completed in June 2014

1 Subject

to approval of the Government of Madagascar

31 | OMV Group

This page is left blank intentionally

32 | OMV Group

Content
Projects under development
Projects under appraisal
Exploration focus
Countries

33 | OMV Group

E&P country footprint

Country

Type

Contract type

primary

Production 2013

Operated

Key projects/assets

kboe/d

Romania 1

Oil/Gas

Royalty

171.4

OP

FRDs

Austria

Oil/Gas

Royalty

34.6

OP

FRDs

Libya

Oil/NGL

PSA

21.6

NO

Murzuq, Sirte basins

New Zealand

Oil/Gas

Royalty, JV

16.5

OP

NO

Maari

Tunisia

Oil/Gas

Royalty, JV

10.2

OP

NO

Nawara

Norway

Oil/Gas

Petroleum tax regime

4.5 2

OP

NO

Zidane, A.Hansteen, E.Grieg,

Gullfaks, Gudrun

UK

Oil/Gas

Royalty

2.0

OP

NO

Schiehallion, Rosebank, CNS/WoS

Australia

Gas

Royalty, JV

NO

Zola

Pakistan

Gas

Royalty

11.0

OP

Latif, Mehar

Kazakhstan

Oil

Tax/Royalty

11.2

OP

TOC, Komsomolskoe

Yemen

Oil

PSA

4.8

OP

Habban

KRI

Gas

PSA, FI

UAE

Gas/NGL

EAA/TEA

NO

East Abu Dhabi, Shuwaihat

Madagascar

Oil

PSA

NO

Grand Prix Permit,

Berenty/Mandabe

Gabon

Oil

PSC

NO

Mbeli, Ntsina, Gnondo, Manga

Namibia

Oil

PSA

NO

Blocks 2613A, 2613B

Bulgaria

Gas

Royalty

NO

Han Asparuh

Via OMV Petrom

34 | OMV Group

22

months of production in 2013

OP

NO

Bina Bawi

Romania stabilizing production

Key facts:
OMV acquired 51% of Petrom end 2004
Existing blocks/fields: 10 Assets with >230 oil and gas fields
(~45/55% oil/gas mix) and ~10,000 operated wells
Production 2013: 171.4 kboe/d (2012: 170.5 kboe/d)
Contract type/taxation: Royalty

Status / Next steps:

Production decline successfully stopped

kboe/d
200

193

190

189

~8% of production in 2013)

energize OMV: E.g. +1 kbbl/d from commingled production by

181

180

Improved workover efficiency (~1,600 activities p.a. contributing

174

174

170

171

171

2014; yearly average production achieved in 2013: 1,430 boe/d

out of 1,400 boe/d annual target

160

Drill >140 new wells p.a.

10

Current recovery factors oil/gas 25%/49%

0
2007

35 | OMV Group

2008

2009

2010

2011

2012

2013

Austria maintain production level

Key facts:
OMV operations since 1956
Oil and gas fields: 4 assets with ~40/60% oil/gas production mix
Contract type/taxation: Royalty
Production: 34.6 kboe/d in 2013 (2012: 38.0 kboe/d)

Steadily keeping production from

mature basin at a high level
kboe/d

Status / Next steps:

FRDs (Erdpress, 8. TH Phase 1, 16. TH Bockfliess Area,

Nordfeld Gas)

50
40

Drill approximately 15 to 20 new wells per year development,

30

injection and exploration and appraisal wells

20

Polymer injection pilot traces of polymer produced

10

Successful technology pilots to be rolled out to other countries

1990

36 | OMV Group

2000

2013

Libya situation remains volatile

Key facts:
OMV presence since 1975, production since 1985
Sirte
Basin

Existing blocks/fields: Murzuq and Sirte Basins

Oil and NGL

Murzuq
Basin

Contract type/taxation: PSA

Production: 21.6 kboe/d in 2013 (2012: 29.5 kboe/d)

ADWOC 38
Rig, NC115,
Libya

Status:
Political situation remains volatile
Production shut-ins throughout the year
Sirte production shut in since closure of ports in the east

in July 2013. Zueitina terminal re-opened in May 2014

Conducted equity lifting from Zueitina in May
Currently drilling the 6th exploration well since business

resumption in 2011

37 | OMV Group

New Zealand offshore production and

exploration opportunities
Key facts:
OMV holds interests in 10 licenses: 3 production and 7 exploration
permits; 4 as operator
Contract type/taxation: Royalty, JV
Producing asset base: Maari oil field (operated), Maui and
Pohokura gas fields (non-operated, JV)
Production: 16.5 kboe/d in 2013 (2012: 19.4 kboe/d)

FPSO RAROA and well head platform

38 | OMV Group

Status / Next steps:

KanTan IV semi-submersible drilling rig arrived August 2013:
Manaia-2 appraisal well drilled (encountered hydrocarbons)
Whio-1 exploration well drilling started in July
Two further exploration wells in non-operated Maui license in
H2/14
Ensco 107 jack-up drilling rig commenced operations in April
2014, production start expected H2/14
Great South Basin: 3D-seismic data evaluated, JV entered into
next exploration phase including well commitment for 2016

Tunisia developing gas fields in the South

Key facts
Concessions and Permits: Cherouq, Durra, Anaguid, Nawara,
Sidi Mansour (all operated) and non-operated assets 1
Contract type/taxation: Royalty, JV
Production: 10.2 kboe/d in 2013 (2012: 11.2 kboe/d)
Nawara:
FEED completed; Plan of development signed
FID taken in March 2014
Gas Sales Agreement signed
EPCC contractors being mobilized
Production start: 2016

Other:
Ashtart revamp project completed

Ashtart (JV), Guebiba, Cercina, Adam

39 | OMV Group

Norway developing the portfolio

Key facts:
Active in 36 licenses, thereof 9 operated
2 new licences awarded in January 2014
Contract type/taxation: 78% Petroleum tax regime
Status / Next steps:
Gudrun production started in April 2014 slow ramp-up till year

Gudrun

end; Gullfaks Q1/14 production 27.5 kboe/d

Edvard Grieg (20%): First production expected in 2016;
operator Lundin; execution ongoing as planned
Luno II discovery (20%) aquired drilling of Luno II Central
appraisal well ongoing
Aasta Hansteen (15%): First production expected in 2017; first
Spar for Norway in Korea; stake of ~9% 1 in the Polarled
project
Zidane (20%): Project options being reconsidered
Wisting discovery: Further appraisal drilling and seismic
evaluations ongoing

Includes 480 km gas pipeline from Aasta Hansteen to Nyhamna and upgrade of Nyhamna gas processing plant

40 | OMV Group

UK focus on West of Shetland area

Existing production: Jade (5.57%)
Operated by OMV:
Cambo (47.5%), Tornado (65%), Suilven (57.5%)
Not operated by OMV:
Rosebank (50%); Schiehallion/Q204 (11.76%); Jackdaw (9.7%)
Key prospects: Sula/Stelkur, Blackrock, Lyon, Spitfire
Contract type/taxation: Royalty
FPSO Schiehallion

Status / Next steps:

Schiehallion Redevelopment: On schedule for first oil 2016
Rosebank: Project progressing, FID planned for 2015, first oil

end of decade
Cambo/Tornado/Suilven: Investigating potential for hub

development
Jackdaw project in appraisal stage; maturing options; expected

to move to development stage after completion of options

screening

41 | OMV Group

Australia
Key Facts:
OMV holds 6 exploration licenses, 1 as operator
Contract type/taxation: Royalty, JV
WA-49-R Zola Discovery:
2011 gas discovery (Zola-1) on Australias Northwest Shelf

(OMV 20%)
Stena Clyde rig (Zola-1)

Bianchi appraisal well drilled April to July 2013; Multiple gas-

bearing sand intersected, net gas pay estimated at 112 m

3D seismic acquisition in 2014/15 to mature further appraisal

targets and assess potential of deeper gas sands found in

Bianchi-1
WA-320-P Palmerston-1 exploration well (Apache operated)
Well committed for 2014 to be deferred depending on 3D

seismic acquisition results

42 | OMV Group

Pakistan
Key Facts:
First gas discovery in 1993, Miano field
OMV active in 8 exploration blocks
Six producing assets: Sawan, Miano, Latif, Tajjal, Mehar, Mubarak
Production: 11.0 kboe/d in 2013 (12.8 kboe/d in 2012)
Latif: Petroleum Policy 2012: received the Latif Gas Provisional
Price Notification on dual pricing from OGRA
Pakistan, Mehar Pipeline

Status / Next steps:

Mehar Phase 1: Gas condensate processing facility completed

and commissioned, production started in Q4/13

Inauguration of the Mehar gas plant by the Prime

Minister on June 16, 2014

Mehar Phase 2: Drill additional production wells, double

gas/condensate processing facilities and build condensate

export pipeline; completion of project planned for Q4/16

43 | OMV Group

Kazakhstan
Key facts:
Asset base: Komsomolskoe oil field and Tasbulat Oil Company
fields - TOC (Tasbulat, Turkmenoi and Aktas)
Contract type: License - Tax/Royalty
Production: 11.2 kboe/d in 2013
Status / Next steps:
TOC and Komsomolskoe:

Production in
kboe/d

Further pursue water injections schemes in order to secure

12.0

12.5

11.2

9.9

10.0
7.5
5.0

12.2

5.7

6.3

2008

2009

4.6

natural decline

2.5
0.0
2007

44 | OMV Group

2010

reservoir pressure support and slow down the production

2011 2012 2013

Yemen
Key facts:
Existing blocks/fields: 6 blocks, in 4 operator

1 block under production/development (S2), rest exploration

Contract type/taxation: PSA
Production: 4.8 kboe/d in 2013

Status / Next steps:

Habban development in block S2

Challenging security situation and extended road blockages

affecting mainly transportation; several attacks on the pipeline

Habban Phase-2 development project ongoing

(workover/drilling and CPF construction operations)

Preparing for start of construction of oil export pipeline, 3D

seismic acquisition and maturation of additional drilling

prospects
Early production of existing wells by EPFs is self-financing

Habban field development

45 | OMV Group

Kurdistan Region of Iraq, KRI

Key facts:
OMV is operator in Bina Bawi (PSA) and holds 10% financial
interest in Pearl Petroleum Ltd. (Khor Mor and Chemchemal gas
condensate fields)
Pearl production: 68 kboe/d (gross)
Bina Bawi:
Bina Bawi-3 discovery

OMV (Op, 36%), Genel (44%), Government (20%)

Tests of appraisal wells Bina Bawi-4, -5 & -6 completed
Only limited oil volumes but significant gas potential (albeit

sour)
Investigation of gas commercialization / marketing activities

ongoing

46 | OMV Group

United Arab Emirates, U.A.E.

Shuwaihat: Wintershall (Op, 50%), OMV (50%)
Signed TEA with ADNOC in June 2012
Sour gas and condensate field appraisal phase
Appraisal program: 3 wells - spud of first well, Shuwaihat 5, on

May 18, 2014; drilling ongoing

Start of production: end of decade

East Abu Dhabi: OMV(Op, 60%), ADNOC (40%)

OMV signed exploration agreement with ADNOC for East Abu

Dhabi on June 24, 2013

Acquisition of 3D seismic started end of June 2014
EAA area

First exploration well planned for 2015/16

All figures net to OMV

47 | OMV Group

Bulgaria Offshore
Key facts:
OMV (30%), Total (Op, 40%), Repsol (30%)
Operatorship handed over to Total as of April 1, 2014
Status / Next steps:
3D seismic acquisition completed (~7,700 km2); 2D seismic

acquisition completed (3,000 km); processing and

interpretation being performed by OMV
OMV to perform sea-bottom survey and seabed sampling

activities in 2014
Continued work program (G&G studies) will enable drilling

of two deep water exploration wells in 2015/2016

Drill first high impact exploration well in 2015 and second

high impact exploration well in 2016

48 | OMV Group

Madagascar
Key facts:
Grand Prix permit (offshore): OMV (40%), Niko Resources (Op,
35%), EnerMad (25%)
Contract type/taxation: PSA
Grand Prix
Permit

OMV will take over operatorship in 2014

3D seismic survey planned for 2015 (~4,500 km) 1
Water depth up to 1,700 m
Mandabe
Permit

Berenty/Mandabe permits (onshore): OMV (35%), Tullow (Op, 65%)

Contract type/taxation: PSA
Farm-out agreement with Tullow signed end March 2014, awaiting
Berenty
Permit

government approval
Planned activities: 2D seismic in Mandabe (2014), exploration well
in Berenty (2015)

Subject to partners approval

49 | OMV Group

Gabon
Key facts:

Mbeli

Manga/Gnondo: Ophir (Op,70%), OMV (30%)

Gabon

Ntsina

Mbeli/Ntsina: Ophir (Op, 40%), Petrobras (50%), OMV (10%)

LEADS
Pre-Salt
Post-Salt

Contract type/taxation: PSC

Manga

Port Gentil

Status / Next steps:

Affanga Deep

Government approval received for Ophir transaction in June 2014,

Gnondo

closed with Ophir July 16, 2014

3D seismic program covering approx. 8,500 km2 over the undrilled

Manga Marin / Gnondo Marin blocks:

Total block size: ~6,000 km2
Water depth: 100-2,500 m
Mbeli Marin / Ntsina Marin blocks:
Total block size: ~6,500 km2
Water depth: 135-2,300 m

50 | OMV Group

parts of the blocks planned to commence in Q3/14, and to last up to 6

months

Namibia
Key facts: OMV (25%), Murphy (Op, 40%), Cowan (20%),
NAMCOR (15%)
Contract type: Production Sharing Agreement
Status / Next steps:
Deal for OMV and Murphy to farm-in to Cowan license

closed in April 2014

5,000 km2 3D seismic campaign conducted between April

and June, within time and under budget

One year license extension granted to allow drill or drop

Blocks 2613A and 2613B offshore blocks:

Size of the permit: 11,000 km2

51 | OMV Group

decision to be made by end 2016

Abbreviations

CNS

Central North Sea

HPIS

High Pressure Injection Stations

CPF

Central Processing Facilities

JV

Joint Venture

EAA

Exploration Activity Agreement

KRI

Kurdistan Region of Iraq

EPCC

Engineering, Procurement, Construction

NAMCOR National Petroleum Corporation of Namibia

and Commissioning

NSGI

North Sea Gas Infrastructure

EPF

Early Production Facility

OGRA

Oil & Gas Regulatory Authority

FEED

Front End Engineering and Design

PDO

Plan for Development and Operation

FI

Financial Interest

PSA

Production Sharing Agreement

FID

Final Investment Decision

PSC

Production Sharing Contract

FPSO

Floating Production, Storage and

TEA

Technical Evaluation Agreement

WoS

West of Shetland

Offloading Vessel

FRD

Field Redevelopment

G&G

Geology and Geophysics

52 | OMV Group

53 | OMV Group