OMV a leading Austrian company in the Middle East

Transcription

1 OMV Exploration & Production OMV a leading Austrian company in the Middle East K.Angerer Move & More.

2 OMV in a nutshell Leading Oil & Gas Group in Central Europe Group sales of EUR 26 billion, 41 thousands workforce in 2008 E&P active in 17 countries producing 317,000 boed Refining capacity of 26 MM tons and 2,483 filling stations G&P sells 13 BCM and transports 66 BCM annually Significant presence in ME Biggest gas operator in Pakistan Major oil development in Yemen, exploration in KRG (Iraq) Activities / representation in UAE and Iran Strong ties with Abu Dhabi IPIC strategic key shareholder in OMV Borealis & Borouge

3 Growth story 1956 Österreichische Mineralölverwaltung Aktiengesellschaft founded 1960 Start-up of the new Schwechat refinery 1968 First Natural Gas Supply Contract with the former USSR 1985 Start of the international E&P business with the first international venture (Libya)

4 Growth story 1987 Acquisition of Burghausen Refinery; Issue of the 1st tranche of ÖMV shares (15%) 1989 Takeover of PCD Polymere; Issue of the 2nd tranche of ÖMV shares (10%) 1990 Opening of the 1st ÖMV filling station; Acquisition of the chemical group 1991 Start of the international filling station business (Hungaria)

5 Growth story 1994 Strategic partnership with IPIC/Abu Dhabi (19.6%) 1995 Company name changed from ÖMV to OMV 1996 Secondary offering of OMV shares 1998 Integration of PCD into Borealis; Interest of 25% in Borealis (IOB 50%)

6 Growth story 1999 Takeover of the Australian exploration and production company CULTUS Petroleum NL 2003 Important acquisitions: - International portfolio of Preussag Energie - 45% of Bayernoil-Raffinerieverbund 2004 Greatest acquisition in the company s history: 51% of the Romanian Oil and Gas Group Petrom 2005 OMV and IPIC acquire 100% of Borealis; OMV sells 50% AMI stake to IPIC

7 Growth story 2006 Acquisition of 34% of Petrol Ofisi from Dogan Holding 2006 Foundation of the OMV Future Energy Fund 2007 Set up of electrical power business 2009 Consolidation of Vienna OMV locations in the new OMV Headoffice in 1020 Vienna

8 Shareholder structure ÖIAG 31.5% Free float 48.9% IPIC/Abu Dhabi 19.6%

9 Business segments of the OMV Group Exploration & Production Refining & Marketing incl. Petrochemicals Gas & Power

10 Exploration & Production Worldwide activities

11 Refining & Marketing Market leader in Central Europe Poland Bayernoil Burghausen Schwechat Ukraine 5 2, AT Arpechim Petrobrazi 97 Turkey ~3, : including 594 Petrom filling stations (as of 06/2009) 2: OMV holds 41,58% of Petrol Ofisi stakes

12 OMV Gas & Power Relevant Market

13 OMV in the Middle East Production operation Pakistan Yemen Exploration operation Iraq KRG Representative office UAE / Abu Dhabi Iran

14 Pakistan Activities since 1990 Major gas production from Miano & Sawan fields biggest international gas operator (500+ MM SCFD) Development of Latif and Tajal gas fields Exploration Cumulative Investments of OMV lead consortium: 1.3 B USD (by 2009) 1.4 B USD (by 2010) Manpower: Total: 600, expat 7 Major challenge: security

15 Yemen Major activities since 2003 Development of Block S2 (target oil production of 30+ M BOPD) Average oil production 2009: 15 M BOPD Exploration of Block 2 and 29 Cumulative Investments of OMV lead consortium: 400 MM USD (by 2009) 900 MM USD (by 2010) Manpower: Total: 170, expat 40 Major challenge: security

16 Iraq Activities in KRG since 2007 Exploration of Mala Omar and Shorish Blocks Partner in Pearl Petroleum Company Limited for the development of Khor Mor and Chemchemal gas fields Cumulative Investments of OMV lead consortium: <50 MM USD (by 2009) >50 MM USD (by 2010) Manpower: Total: 45, expat 7 Major challenge: relation KRG central govmt

17 Set the stage Middle East, one region for the Austrian industry? Yemen, Pakistan, UAE, Qatar, Does Austria, the Austrian industry have something to offer? What are the challenges, the chances? Business environment Economic situation Where do we see Austrian companies in ME in 5 / 10 years? What support is required? Policies Austrian Embassies & Trade