Omv Ag

OMV Aktiengesellschaft operates as an integrated oil and gas company primarily in Europe. The company operates in three segments: Exploration and Production (E&P), Gas and Power (G&P), and Refining and Marketing, including Petrochemicals (R&M). The E&P segment is engaged in the exploration, development, and production of oil and gas resources primarily in Romania and Austria, as well as in Australia, Bulgaria, the Faroe Islands, Gabon, Madagascar, Ukraine, the United Arab Emirates, Kazakhstan, Kurdistan, Region of Iraq, Libya, New Zealand, Norway, Pakistan, Romania, Tunisia, Namibia, the United Kingdom, and Yemen. As of December 31, 2013, it had proved hydrocarbon reserves of 1,131 million barrels of oil equivalent; and proved and probable oil and gas reserves of 1,916 million barrels of oil equivalent. The G&P segment is involved in the supply, marketing, trading, storage, and transportation of natural gas. It operates a 2,000 kilometers long gas pipeline network; and gas storage facilities with a capacity of 2.6 billion cubic meters. This segment also operates two gas-fired power plants in Romania and Turkey. The R&M segment refines, supplies, and trades oil products and petrochemicals with a focus on Central and Southeastern Europe, as well as Turkey. It operates refineries in Schwechat in Austria and Burghausen in Southern Germany, both with integrated petrochemical complexes, as well as the refinery Petrobrazi in Romania with an annual processing capacity of 17.4 million metric tonnes. As of December 31, 2013, it operated a retail network of approximately 4,200 filling stations in 11 countries. OMV Aktiengesellschaft was founded in 1956 and is based in Vienna, Austria.
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