Share on: logo linkedin

OMV in brief

An international oil and gas company 

Based in Vienna, OMV Aktiengesellschaft  (OMV) is one of Austria’s largest listed industrial companies with 29,800 employees in 2011

Historically, OMV is an integrated upstreammidstreamdownstream company with activities mostly concentrated in Europe.

Upstream, OMV explore and produce oil and gas in Romania and Austria and holds working interests all over the world.

In 2011, OMV produced 288,000 barrel of oil equivalent (boe) and accumulated 1.13 billion boe of crude oil and natural gas.

Midstream, OMV operates a gas pipeline network in Austria of 2,000 kilometers long.

In 2011, OMV transported 101 billion cubic meter of natural gas across the country and sold for its own account 24 billion cubic feet of gas.

This large network of pipelines is also providing OMV with the largest natural gas trading hug in Central Europe.

Downstream, OMV is refining crude oil and distributing gasoline through a network of 4,500 retailers covering 13 countries.

In 2011, OMV processed 22.5 million tonnes of crude oil in its refineries.

On the petrochemical side OMV has no direct activities but is deeply engaged through capitalistic links.

The International Petroleum Investment Company (IPIC), the sovereign found of Abu Dhabi holds 24.9% stakes in OMV, being the reference shareholder.

Through this equity connection, IPIC and OMV are the co-owners of the chemical company Borealis which established the Abu Dhabi polymers company called Borouge, the largest  petrochemical complex in UAE.

OMV Key Figures

 – 2011 Revenues: $44,2 billion

 – 2010 Revenues: $30,3 billion

 -2009 Revenues: $23,2 billion

 – 2011 Earnings: $1.5 billion

 – 2010 Earnings: $1,2 billion

 -2009 Earnings: $0,7 billion

 – 2011 Capital Expenditure: $4 billion

 – 2010 Capital Expenditure: $4,1 billion

 -2009 Capital Expenditure: $3 billion

OMV projects and Business Highlights

With such solid reference stakeholder as IPIC, the new OMV Executive Board presented in September in Istanbul its Strategy 2021 for “Profitable Growth” through:

 – Improved financial performances across the entire group

 – Monetization of the natural gas value chain in strengthening the Baumgarten gas hub and the Central European Gas Hub (CEGH) trading platform

 – Converting cheap gas into valuable electricity with power plant projects such as Brazi in Romania, Haiming in Germany, Samsun in Turkey

 – OMV leadership in the 1,300 kilometers long Nabucco gas pipeline project from the Caspian Sea to Austria for which the  Shah Deniz Consortium will announce its final decision on the route in mid-2013

 – Increasing the upstream portfolio to absorb about two-thirds of OMV’s capital expenditure in oil and gas exploration and production with a focus in the Caspian Sea, North Sea, UAE and Africa.

For these reasons OMV is actually:

 – Performing tests in the Shuwaihat sour gas field for ADNOC in UAE 

 – Positioning itself for the renewal of the concessions in Abu Dhabi in 2014

 – Operator of the Bina Bawi oil field in the Kurdistan region of Iraq

 – Involved in large and complex projects such as Aasta Hansteen with Statoil and Rosebank with Chevron, both in the North Sea.

With the strong support from IPIC, OMV is changing scale and should appear more and more in large projects beside international oil companies and the Abu Dhabi National Oil Company (ADNOC).

For more information and data about oil and gas and petrochemical projects go to Project Smart Explorer

Scroll to Top