OMV Seeks Technical Cooperation in Iran

A senior official with Austrian oil giant OMV says his company is hunting out technical cooperation in Iran for developing the country’s oil and gas fields.

Stronger technical cooperation in potential field developments in Iran by using new or existing technology” are the company’s future agenda in cooperating with its Iranian counterparts, said Stephan Hannke, head of Petroleum Engineering for the Middle East and Caspian Area in OMV, in an interview with the public relations office of the Research Institute of Petroleum Industry (RIPI).

Hannke delivered a keynote speech at the 2nd International Conference on Technical Opportunities (ICTO) here in Tehran which was held on September 30 at RIPI’s conference hall.

His speech was focused on technology application for Brown- and Greenfields in the world of OMV.

Österreichische Mineralölverwaltung (OMV) opened an office in Teheran back in 2001, after signing an Exploration Service Contract for the Mehr block, a successful exploration and appraisal programme was conducted between 2002 and 2007. The company engaged in talks for redevelopment of Cheshmeh-Kush between National Iranian Oil Company (NIOC) and OMV/CEPSA in 2004-05, said Hannke.

The company had to leave Iran in 2008 as Iran was hit by the first wave of international sanctions on its nuclear program. The company, however, maintained its relations with Iran through an office in Tehran in which it conducted extensive exploration studies with NIOC.

With Group sales of EUR 36 bn and a workforce of around 25,500 employees in 2014, OMV Aktiengesellschaft is one of Austria’s largest listed industrial companies. In Upstream, OMV has a strong base in Romania and Austria and a balanced international portfolio. OMV had proven reserves of 1.09 mn boe at year-end and a production of 309 kboe/d in 2014. Around 70% of its production came from Romania and Austria, the remainder from a growing international portfolio. The oil/gas split in production is roughly 50/50.

In Downstream, OMV has an annual refining capacity of 17.4 mn tonnes and approximately 4,100 filling stations in 11 countries as of end of 2014. OMV operates a gas pipeline network in Austria and gas storage facilities in Austria and Germany. In 2014, gas sales volumes amounted to 123 TWh.

Hannke has 20 years of international E&P experience with various companies such as Shell, BP and OMV. Stephan is based in Vienna and overlooks all Petroleum Engineering Activities of OMV in this region. Part of his responsibility is the deployment and application of technology in greenfield and brownfield developments in the Middle East Caspian Area.

(Source: RIPI)

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