OMV (NORGE) AS Growth on the NCS NOC-Conference, November 20, 2014

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1 OMV (NORGE) AS Growth on the NCS NOC-Conference, November 20, 2014 OMV Exploration & Production

2 Content Introduction - OMV at a glance OMV (Norge) AS Overview & Portfolio Growth & Production Wisting Status Outlook

3 OMV: 3 Business segments Exploration & Production Oil and gas production of boe/d in 1-9/ 2014 Proven oil and gas reserves of 1.13 bn boe at the end of 2013 Operational activities in two core countries, Romania and Austria, as well as in a balanced international portfolio Gas & Power km natural gas pipeline network in Austria Gas storage facilities with a capacity of TWh (incl. Germany) Gas-fired power plant projects in Romania and Turkey Gas pipeline network with a marketed capacity of around 1,664 TWh/a Refining & Marketing (incl. petrochemicals) Total refining capacity of 17.4 mn t per annum Network of approximately 4, 200 filling stations in 2013

4 OMV E&P: International portfolio

5 Capital expenditure in EUR mn OMV Group E&P (~ NOK 37 billion) R&M 493 G&P 270 Corporate and other 32

6 Content Introduction - OMV at a glance OMV (Norge) AS Overview & Portfolio Growth & Production Wisting Status Outlook

7 OMV (Norge) AS building up since 2007 History Office opening in Stavanger August 1, 2007 New Office & extension in 2013 Grown to 100+ employees in 2014 Stavanger Office in Hinna Park Acquisitions 2011 Zidane 2012 Aasta Hansteen, E. Grieg 2013 Gullfaks, Gudrun, Luno 2 Zidane our first Development project

8 OMV (Norge) AS: Portfolio 36 licenses (9 operated) Barents Sea 12 (3 op) Norwegian Sea 11 (6 op) North Sea 13 Discoveries/Appraisal Projects Wisting (25%, Operated) Luno II (15%) Zidane (20%) Field Development Projects (PDO) Edvard Grieg (20%) Ivar Aasen (0,5 %) Aasta Hansteen (15%) Polarled Pipeline (9%) Production Assets Gullfaks 19% (production in 2013) Gudrun 24% (production start early 2014)

9 Significant Portfolio Exploration Appraisal Development Execution Production Wisting Zidane E. Grieg Gullfaks, Existing Wisting OMV 36 licences GF: Shetland/ Lista Zidane Luno II position Edvard Grieg Aasta Hansteen / Polarled Gullfaks Gudrun ~40 kboe/d ~45-50 kboe/d

10 kboe/d (net to OMV) OMV (Norge) AS: Production Outlook OMV s first production November 1, 2013: ~ 25,000 boe/d Production End Gudrun Ramp-up: ~ boe/d End 2018 (Grieg, Hansteen,?Zidane ): ~ boe/d Gudrun gas Gudrun liquids Gullfaks gas Gullfaks liquids

11 OMV (Norge) AS: Staffing Development Expats Locals Total FC 2015 est.

12 OMV Upstream growth on NCS OMV Exploration & Production

13 Gullfaks & Gudrun - Overview OMV since November 1, 2013 Gullfaks - Main Focus on: New Projects /Modifications Drilling Performance Subsurface GF Rimsfaksdalen FID Dec Significantly improved due to project optimisation Gudrun Production Start April 7 Ramping up / 4 wells onstream Drilling performance

14 Edvard Grieg, Ivar Aasen & Luno 2 Edvard Grieg : Project well on track Production driling started Subsurface /Reservoir Modell Drilling 2015 (Gemini, EG South) Gemini Ivar Aasen Small share out of unitisation Edvard Grieg Sør PL 359 /Luno 2 2 central compartments proven? Drill more or pursue development concept Luno 2 14

15 Mid Norway Zidane PDO postponed Need s agreement with Heidrun and Capex-reduction Polarled - expected on time Aasta Hansteen: Execution ongoing Concerns about HHI -Yard Snefrid North in first half 2015 Exploration potential Vøring 15

16 Content Introduction - OMV at a glance OMV (Norge) AS Overview & Portfolio Growth & Production Wisting Status Outlook

17 Barents Sea: Exploration Focus 2013 Drilling 3 EXP-wells 2 operated, 1 non-operated Wisting Discovery 2014 Drilling 5 Wells 1 Operated (Hanssen) 4 Non-operated

18 PL537 - Overview Blocks 7324/7&8 (594 km 2) Awarded in May 2009, 20 th Round Initial period ends PDO to be delivered before Partnership OMV Norge AS 25% Idemitsu Petroleum Norge AS 20% Petoro AS 20% Tullow Oil Norway AS 20% Statoil Petroleum AS 15% Work program/commitments: all fulfilled; 3D Seismic and deep well (Kobbe) New Play on Hoop High Northernmost & shallowest oil discovery in Norway 1 8 OMV (Norge) AS, 21 st of November, 2014

19 Recent Activities in PL /7-A* Hanssen 7324 /7-1S Alternative 7324 /8-1 Central Segment Seismic 713 km 2 of 3D in 2009 Reprocessed in 2014 CSEM 2008 (sparse grid) 2014 (denser grid) Drilling Wisting Central East (Aug., 2013) 1) Realgrunnen Sg - oil discovery 2) Snadd - waterbearing Wisting Alternative (Oct., 2013) 1) Kobbe Fm - waterbearing 2) Snadd Fm - tight gas Hanssen (June, 2014) 1) Realgrunnen Sg - oil discovery 2) Middle Snadd - tight gas Testing DST-Hanssen with up to 2000 bbl/d 19 OMV (Norge) AS, 21 st of November, 2014

20 Volumes: In Place and Recoverable PL 537 Wisting Unrisked Volumes* LOW Median HIGH MMSTB MMSTB MMSTB STOIIP Recoverable Resources** * > 50% proven by wells ** as of press release, September 2013 Central Segments: Wisting Cluster with Wisting, Central West & Central South Pheriphery Segments: independant structures Hanssen, Bjaaland, Hassel 20 OMV (Norge) AS, 21 st of November, 2014

21 Project plans forward Identify Assess Select Define Execute Operate Time now Q2/ 2016 Q4/2017 Q2/ Project is ready to enter Assess and to work towards DG1/BoK Plans are to reach DG1 by summer 2016 Appraisal program needs to clarify amongst others: Volumes in additional segments Feasibility of shallow horizontal wells Reservoir and engineering studies as a basis for concept selection 21 OMV (Norge) AS, 21 st of November, 2014

22 Wisting: Appraisal Plans towards DG1/BoK Planned Drilling 2015 Bjaaland Structure Leiv Eirikson Q2/2015 Proposed Drilling Wells Hassel Segment Central Segment - Horizontal Test Transocean Arktis Q1-Q2/ 2016 Reservoir, Facilities and Engineering Studies Finalize diverse workflows (~ 30 different studies) Plan customized seismic survey Incorporate new data from drilling Expand concept identification studies (April to June 2014)

23 OMV (Norge) AS: Strategic Outlook 1. Complete ongoing Field Development Projects till 2018 Reach ~ boe/d before Establish basis for securing production level post 2020 Long-term organic growth driver is frontier exploration Selected acquisitions & portfolio optimization 3. Prepare to become production operator Wisting - a first option for an operated field development

24 OM VIKING Helmet (not offshore PPE...)

25 OMV: Hovedsponsor Norske Hoppteam If we need to jump we can jump far!

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