Exploration & Production
Exploration and Production is the division associated with the finding and production of oil and natural gas reserves. OMV has an extensive international E&P portfolio which focuses on:
- Oil exploration and production
- Gas exploration and production
- Oil and Gas exploration and production
The company is mainly present in EU and OECD countries, with approximately two thirds of production coming from Romania and Austria. OMV’s production is split 50/50 between gas and oil. However, in the core countries of Romania and Austria, OMV concentrates on raising the yields from mature fields through the use of new procedures, rather than exploration. OMV plans to concentrate its E&P activity on the Caspian region, the Middle East and Africa, where it has already been active for some time.
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Famous quotes containing the words exploration and/or production:
“The future author is one who discovers that language, the exploration and manipulation of the resources of language, will serve him in winning through to his way.”
—Thornton Wilder (1897–1975)
“In the production of the necessaries of life Nature is ready enough to assist man.”
—Henry David Thoreau (1817–1862)