Europe / Caspian / CIS
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
| 18 Mar 24 |
Austria: ADX Energy's Welchau-1 well discovers condensate rich gas ADX Energy has advised that the Welchau-1 well has encountered 115 metres liquids rich gas column within the primary target 'Steinalm Formation' at a depth between 1452 metres and 1567 metres measured depth (MD). The Steinalm Formation intersected in Welchau is the same zone that flowed condensate rich gas in the nearby Molln-1 well at a rate of 4 MMSCFPD in 1989. |
| 11 Mar 24 |
Austria: ADX Energy provides Welchau gas exploration well update ADX Energy has advised that the Welchau-1 gas exploration well reached a depth of 1028 metres on the March 10 and is drilling ahead in the Lunz Formation. The Welchau gas prospect has exceptional gas resource potential, located in the heart of Europe at a relatively shallow drill depth and proximal to gas pipelines. ADX estimates that Welchau has best technical Prospective Resources of 807 BCFE (134 MMBOE). |
| 20 Sep 23 |
Austria: Vestas wins 46 MW project in Austria Vestas has received a firm order from Windpark Engelhartstetten GmbH, a subsidiary of WindLandKraft GmbH, for the Engelhartstetten wind park in Lower Austria. |
| 28 Jul 23 |
Austria: OMV announces new gas discovery in Austria OMV has announced the Wittau Tief-2a exploration well to be a confirmed new natural gas discovery. The OMV operated well is located in Lower Austria and was drilled at a final depth of 5,000 meters after five months of operations. The well is the largest natural gas discovery in Austria in 40 years. |
| 13 Mar 23 |
Austria: ADX awarded production licence for the Anshof oil field ADX Energy has advised that Austria’s Ministry of Finance has awarded a production license to ADX VIE GmbH for the development of the Anshof oil field located within the ADX-AT-II exploration license in Upper Austria. |
Austria - more news
Other countries in this region
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