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Key Projects

Neptun (Romania, OMV 50%)

In 2021, Romanian state-controlled natural gas company Romgaz made a binding offer to acquire ExxonMobil’s 50% stake in the Neptun Deep license offshore Romania. OMV Petrom will become operator of the project once Romgaz completes the takeover, expected for 2022. Preparations for the ownership take over are underway. OMV Petrom maintains a keen interest in seeing the Black Sea resources developed. However, the final investment decision depends on a range of factors including a stable and competitive fiscal framework. Changes to the Romanian offshore law are expected to be effected during 2022.

Other major projects (Romania, OMV 100%)

At the Petromar asset, a new offshore well was put into production in March and set a record for the longest section drilled offshore by OMV Petrom measuring 2,902 m.

A number of installations were added to Petromar as part of a rejuvenation program, including new cranes, a new helideck, and new gas-to-power installations.

The Enhanced Oil Recovery (EOR) pilot project that was initiated at the Moldova asset was extended and the initial results, water cut decrease in certain production wells, were observed. Encouraged by the results of this pilot, a full field application in another field in the Muntenia Vest asset has been launched. These projects aim to increase recovery from these mature assets by injecting a viscous water mixture into the reservoir.

Nawara (Tunisia, OMV 50%)

We were able to stabilize production at the Nawara natural gas field in 2021. The building of operational capabilities and the implementation of digital technologies were the key success factors. A new gas discovery that had been made late in 2019 was connected to Nawara’s Central Processing Facility (CPF).

Umm Lulu and SARB (United Arab Emirates, OMV 20%)

Uninterrupted operations were maintained at the Umm Lulu and Satah Al Razboot (SARB) fields. Drilling activities also continued in both fields. This allowed production to continue to ramp up despite the OPEC quota restrictions.

Ghasha concession (United Arab Emirates, OMV 5%)

The Ghasha concession is being developed as three projects in parallel, namely Hail & Ghasha, the Dalma project (containing several fields in the Dalma area), and the Deep Gas Development (also containing several fields). Dalma is expected to deliver first gas in 2025, with the field eventually producing around 54  of natural gas. The award of the Engineering Procurement and Construction (EPC) contracts in November was a major milestone for the Ghasha concession. The construction of ten artificial islands is progressing as planned.

Khor Mor (KRI, OMV 10%)

The Khor Mor field achieved steady production exceeding expectations. The capacity expansion project is progressing as per plan with early civil engineering works completed. The project is on track for first gas in 2023.

Gullfaks (Norway, OMV 19%)

In 2021, the Equinor-operated Gullfaks field delivered strong production volumes, mainly due to reduced natural gas injection. Phase 1 of the Hywind Tampen construction (consisting of 11 floating wind turbines) was finalized in Q2/21. The generation output of 5 out of the 11 turbines will be used to reduce natural gas-fired power generation at Gullfaks. The project is on track to deliver first power in 2022. Once the construction of the substructures is complete in spring 2022, the windmills will be assembled and towed to the field.

Gudrun (Norway, OMV 24%)

Phase 2 of the Gudrun field redevelopment is delayed due to COVID-19-induced personnel restrictions offshore. First water injection from the new wells is scheduled to start in mid-2022.

Edvard Grieg (Norway, OMV 20%)

The Edvard Grieg field produced above expectations in 2021 due to higher export capacity availability. Three infill wells were completed during the year to support production capacity.

In Q3/21, production from the nearby Solveig field commenced. The Solveig field is developed with seabed installations tied to the Edvard Grieg platform for further processing. In addition, the extended well test from the Rolvsnes field commenced in early August. These two near-field tiebacks to Edvard Grieg will extend its plateau production phase. Edvard Grieg is the first field in the world to be awarded the CarbonClear certification, Intertek’s new independent upstream carbon intensity certification for oil and gas producers.

Hades/Iris (Norway, OMV 30%)

Hades/Iris is the first OMV-operated development project in Norway. The concept selection was approved by all license partners in November and will allow the project to progress toward front-end engineering and design (FEED) studies. OMV is planning to make the final investment decision (FID) in late 2022 and submit the plan for development and operations (PDO) to the authorities by year-end 2022 to take part in temporary Norwegian tax incentives. Production start-up is expected in 2026.

SK408 (Malaysia, OMV 40%)

In Malaysia, the phase 1 development of the SK408 license (the Gorek, Larak, and Bakong fields) continued to produce at a high level.

Phase 2 of the license, the Jerun project, received the JV’s final investment decision in March 2021. The main engineering, procurement, construction installation, and commissioning (EPCIC) contract could thus be awarded shortly after. Construction started in September, and the main construction milestones for 2021 were met.

Māui A Crestal Infill (New Zealand, OMV 100%)

The Māui A Crestal Infill (MACI) project is part of a NZD 500 mn investment in the Māui and Pohokura fields and is critical for ensuring the security of New Zealand’s domestic energy supply. All six wells were completed as planned.

Māui B IRF Phase 3 (New Zealand, OMV 100%)

The project scope of the Māui B IRF Phase 3 infill drilling comprises drilling, completion, tie-in and commissioning of five sidetrack wells on the Māui B platform. The commissioned rig arrived in New Zealand and is expected to commence the drilling campaign in Q1/22.

Thousand barrels of oil equivalent per day