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Summary | Profile

Country profile: Austria

Location: Central Europe, north of Italy and Slovenia
Climate: temperate; continental, cloudy; cold winters with frequent rain and some snow in lowlands and snow in mountains; moderate summers with occasional showers
Terrain: in the west and south mostly mountains (Alps); along the eastern and northern margins mostly flat or gently sloping
Size: 83870 sq. km total (Land area: 82444 sq. km  Water area: 1426 sq.km)
Population: 8,205,533 (July 2008 est.)
Languages: German (official nationwide) 88.6%, Turkish 2.3%, Serbian 2.2%, Croatian (official in Burgenland) 1.6%, other (includes Slovene, official in Carinthia, and Hungarian, official in Burgenland) 5.3% (2001 census)
Government: federal republic
Capital city: Vienna
Legal system: civil law system with Roman law origin; judicial review of legislative acts by the Constitutional Court; separate administrative and civil/penal supreme courts; accepts compulsory ICJ jurisdiction
Currency: euro (EUR)
Licensing:

Country profile

Since the beginning of hydrocarbon exploration in Austria, more than 4,400 wells have been drilled; the deepest reaching 8533 m. In addition, extensive geophysical surveys have been conducted. Cumulative Austrian production is equal to 108,5 MM tonnes of oil and 72.1 Bm3 of gas. The most important hydrocarbon provinces of Austria are the Vienna basin, the Molasse Zone and the Northern Alps. The first of these areas, the intramontane Vienna Basin, has produced by far the largest volumes of hydrocarbons and also provided Austria's earliest production.

Energy production and consumption


Oil Gas
Production: 23,320 bbl/day (2005) 1 billion cu m (2005)
Consumption: 295,100 bbl/day (2005) 9 billion cu m (2005)
Exports: 34,680 bbl/day (2005) 936 million cu m (2005)
Imports: 157,500 bbl/day (2005) 9 billion cu m (2005)
Reserves: 62 million bbl (1 January 2006 est.) 14 billion cu m (1 January 2006 est.)
Major fields:



Austria - recent news

08 Mar 20
OMV negotiating with Mubadala to acquire additional 39 percent share in Borealis
OMV and Mubadala are currently negotiating the acquisition of an additional 39 percent share in Borealis by OMV for a purchase price of USD 4.68 bn.
18 Nov 19
Austria: ADX Energy receives final government approvals for the transfer of RAG production assets
ADX Energy has advised that it is has received the final government approvals required for the transfer to ADX of RAG production assets the Zistersdorf and Gaiselberg oil and gas fields located onshore in the Vienna Basin, Austria.
29 Jan 18
Austria: OMV starts largest ever seismic campaign in Austria
OMV, the international, integrated oil and gas company headquartered in Vienna, has started the largest Austrian 3D seismic campaign in the company’s history.
09 Jan 18
Petroleum Equity acquires remaining stake in RAG Deutschland from Rohöl-Aufsuchungs Aktiengesellschaft
Petroleum Equity, an alternative investment firm focused on the energy industry in EMEA, has acquired the remaining 50% stake in RAG Deutschland GmbH (RDG) from its Joint Venture partner, Rohöl-Aufsuchungs Aktiengesellschaft ('RAG'), a leading European Energy company.

Austria - more news

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