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8 – Exploration expenses

The following financial information represents the amounts included within the Group totals relating to exploration for 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

 

 

 

2021

2020

Impairment losses (exploration & appraisal)

185

779

Other exploration expenses

95

117

Exploration expenses

280

896

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

967

1,260

Net cash used in operating activities

85

106

Net cash used in investing activities1

(169)

122

1

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