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8 – Exploration expenses

The following financial information represents the amounts included in the Group totals relating to exploration and appraisal of oil and natural gas resources. All such activities are recorded within the Exploration & Production segment.

Exploration for and appraisal of mineral resources

In EUR mn

 

 

 

2022

2021

Impairment losses (exploration & appraisal)

183

185

Other exploration expenses

67

95

Exploration expenses

250

280

Total intangible assets – exploration and appraisal expenditure incl. acquisition of unproved reserves

878

967

Net cash used in operating activities

103

85

Net cash used in investing activities1

149

(169)

1

Overall amount reported in 2021 represents a net cash inflow due to the sale of OMV’s 25% stake in the Wisting oil field in Norway leading to a cash inflow of EUR 290 mn.