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OMV oil and gas exploration summary

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Report summary

In late 2015 OMV announced a new strategic direction. It will grow production by gaining access to low cost discovered resource opportunities. This was a marked departure from the previous strategy of building a material production hub in the North Sea and diversifying away from high above ground risk regions. OMV will also cut exploration spend over the next two years. Exploration spend in 2016 was US$330 million and will further reduce in 2017.

What's included

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  • Document

    OMV.xls

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    OMV oil and gas exploration summary

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Table of contents

    • Basins drilled and all conventional and organic unconventional discoveries 2007-2016
  • Investment and costs
    • Well data
  • Reserves and resources
  • Production
    • Romanian Black Sea volumes balance declining onshore exploration
    • Large volumes in the Middle East and North Africa
    • Rising spend in shelf and deepwater

Tables and charts

This report includes 23 images and tables including:

Images

  • Exploration & appraisal spend and reinvestment
  • Exploration & appraisal spend by water depth
  • Exploration & appraisal spend by basin maturity
  • Discovery costs by water depth
  • Volumes discovered by year
  • Volumes discovered by water depth
  • Volumes discovered by country
  • Volumes discovered by basin
  • Production from new field discoveries and organic unconventionals, and as a proportion of all future production
  • Executive summary: Image 1
  • Net active exploration acreage by water depth
  • Net active exploration acreage by country
  • Exploration wells drilled and spend per well
  • Exploration success rates
  • Full cycle value creation by year
  • Exploration returns by year
  • Value creation by reserve category
  • Value creation by water depth

Tables

  • Top 40 discoveries (2006 to 2015)
  • Full Cycle Economics
  • Ten year performance summary
  • Gross conventional exploration & appraisal wells by basin and sector
  • Strategy: Table 1

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