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Exploration and Appraisal Highlights

In 2021, OMV drilled eight exploration and appraisal wells in six different countries, six of which were completed and four were classified as discoveries.

OMV Petrom drilled one exploration well in Romania resulting with an oil discovery, evaluation is ongoing.

OMV finalized three exploration wells in Norway in 2021. While Eidsvoll in the southern North Sea proved dry, Solveig Seg D and Ommadawn were oil discoveries. The commercial options for these discoveries are under evaluation, and results are expected in 2022.

In New Zealand, OMV drilled the MA-14B (Māui East) exploration well and discovered natural gas.

The SapuraOMV-operated Eagle-1 drilling in Australia was completed in June 2021. The well did not discover any producible hydrocarbons.

The drilling of one well in Tunisia and one in the United Arab Emirates was still ongoing at year-end. These are expected to be finalized in 2022.

A 3D seismic survey was started in Romania in Q4/21 and completed in Q1/22. As a result of the Schönkirchen 3D seismic survey, a drilling opportunity was identified in Austria and will be developed further in 2022.

Exploration and appraisal expenditure decreased to EUR 210 mn in 2021 (2020: EUR 227 mn). New exploration license applications were submitted in Norway and Malaysia, focused on infrastructure-led natural gas opportunities. License award announcements are expected in Q1/22.