Dec 2020: ADX agreed, with the Austrian Mining Authority, a 450 sq km license in the Molasse Basin surrounding RAG fields and infrastructure. It contains 10 drill-ready prospects and 70 other prospects and leads. ADX will commence a farm-out program early in 2021. ADX has previously acquired the Gaiselberg and Zistersdorf fields in the Vienna basin.
No significant news in 2019.
Apr 2018: Russian gas imports increased by 77.2% in the first 4 months of 2018 after a record-breaking year for Russian gas imports in 2017.
Jan 2018: OMV has started the largest seismic campaign in the company’s history. A total of 600 sq kms will be acquired over an area stretching from the north-east of Vienna to north-east of Schönkirchen.
No significant news in 2017.
No significant news in 2016.
No significant news in 2015.
Apr 2014: OMV is committing to oil and gas production in the Weinviertel region with investment rising to US$550 mm in 2 years. Resources are needed to counter natural depletion in the mature fields. In 2013 the region produced 35,000 bbls of oil equivalent per day. Up to 24 wells will be drilled in 2014, with 20 planned for 2015 and 2016 along with 14 exploratory well projects.