OMV (NORGE) AS Progress as foreseen NOC-Conference, November 19, OMV Exploration & Production

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1 OMV (NORGE) AS Progress as foreseen NOC-Conference, November 19, 2015 OMV Exploration & Production

2 OMV an integrated, international oil and gas company Upstream Downstream Worldwide exploration & production activities Mature core countries: Romania and Austria Approximately 85% of production in EU and OECD countries Production: 309 kboe/d Reserves: 1.09 bn boe 1P 1.81 bn boe 2P OMV supplies more than 200 mn people with energy Downstream Oil 3 refineries with capacity of 17.4 mn t ~4,100 filling stations in 11 countries 36% share in Borealis Downstream Gas Gas sales business in CEE, SEE and Turkey Gas logistics in Austria and Germany Gas-fired power plants in Romania and Turkey 2 OMV Aktiengesellschaft OMV Group presentation September 2015

3 OMV Upstream International Portfolio Oil & Gas Ratio Production OIL GAS 3 Ptil, Nov. 19, 2013

4 OMV NORGE Growth on NCS OMV Upstream

5 Portfolio Overview Exploration Appraisal Development Execution Production Wisting Zidane E. Grieg Gullfaks, Existing GF: Shetland/ Lista OMV 33 licences Luno II Zidane Wisting position Edvard Grieg Aasta Hansteen / NSGI Gullfaks Gudrun ~30-40 kboe/d ~50+ kboe/d

6 OMV NORGE: Production & Investments Final 2014 FC 2015 Prognosis 90 PRODUCTION Kboed : 60+ kboed CAPEX EUR mn 2016: NOK ~ 5 bn

7 OMV (Norge) AS: Staffing Development Gullfaks, Gudrun Grieg, Wisting Zidane, Hansteen Expats Locals Total

8 OMV (Norge) AS: Portfolio Overview 33 licenses (7 operated) with 21 JV s Barents Sea 07 (2 op) Norwegian Sea 10 (4 op) North Sea 16 Discoveries/Appraisal Projects Wisting (25%, OMV-Operated) Luno II (20 %, Lundin OP) Zidane (20%, Dea OP) Field Development Projects (PDO) Edvard Grieg (20 %, Lundin OP) Ivar Aasen (0,55 %, Det Norske OP, Divestment) Aasta Hansteen (15%, Statoil OP) Polarled Pipeline (9%, Statoil OP) Production Assets (Statoil OP) Gullfaks 19% (OMV production since NOV. 2013) Gudrun 24% (production start April 2014)

9 OMV Portfolio: North Sea 2015

10 Edvard Grieg, Ivar Aasen & Luno 2 Edvard Grieg 20%: Platform ready for start-up soon Pipelines (UHGP, EGOP) ready Production drilling to continue in 2016 E&A Drilling 2015 (Gemini, Rolvnes) Gemini dry PL 359 /Luno 2, 20%: 2 central compartments proven Luno 2 North drilled in Q3/2016 Progressing to BOV/development concept Rolvnes ongoing Luno 2 North Ivar Aasen (0,556%) Divestment with Tellus announced 10

11 Gullfaks & Gudrun - Overview Gullfaks going strong Diverse Projects successfully closed out (GSO, GSC, GFBU) Gas Blow down at Rimfaks Brent started; Rimfaksdalen development ongoing PDO - for Shetland/Lista submitted Gudrun on plateau Full capacity reached in Q3 / 2015 Good drilling performance Helideck issue

12 OMV Portfolio: Norwegian Sea 2015 (10)

13 Mid Norway Zidane Ministry Ruling in October: Negotiations with Heidrun re-opened Capex-reduction pursued Re-tendering planned PDO in Q2/Q3? Aasta Hansteen: Execution over 60% Start-up moved to 2018 driven by delays in HHI -Yard Snefrid North well successful Polarled - Pipeline laid PL 644 Hægar Exp-well dry Exploration Vøring Basin APA 13

14 OMV Portfolio: Barents Sea 2015

15 PL537: Wisting Discovery Awarded to OMV 2009, OP 25% Petoro, Idemitsu, Tullow (all 20%) and Statoil (15%) Leiv Eiriksson NORWAY Opened new play type in 2013 Shallow reservoir ca. 250 m below sea bed Four wells drilled (Sept to June 2015) More drilling planned in 2016 Working towards DG 1 by end 2016/ early 2017 Start of production: post 2020 Potential Hub for Southern Hoop High Technical feasibility studies ongoing 23rd Round

16 Wisting: Structure and Resources Hanssen Recoverable Res. Sto & Fruholmen Fm. LOW BASE HIGH Central South Central West Central East Hassel Bjaaland Dry Drilled: Central East, Hanssen Undrilled (C. West, C. South, Hassel) Total Resources (unrisked) OOIP in Place (unrisked) MMSTB Wisting Central II, planned horizontal Total Wisting Resources in PL 537 Recoverable ca mnbbl Ca. 60% of volume drilled up Additional Exp-potential

17 Wisting: Horizontal Well Design Seabed at -442 m Formation m 1450 m of Horizontal Section at -684m TVDSS 17

18 OMV (Norge) AS: Outlook 2016 and forward 1. Strong Performance in next years Production increase to over ~ boe/d before 2020 Investments decrease as ongoing projects mature 2. Secure basis for adequate production levels post 2020 Long-term organic growth from exploration guided by Infrastructure & frontier opportunities Portfolio optimization around acquired/developing assets Open for selected acquisitions 3. Mature Wisting to DG1 in 2016 and to PDO mid term

19 CONTACT: OMV NORGE AS Fjordpiren, Laberget Stavanger Vienna: Corporate Communications

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