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OMV AG

Company Summary

Description

OMV is an international, integrated oil and gas company based in Vienna. They seek, find and extract oil and natural gas on four continents. W

Website

http://www.omv.com/portal/01/com

Operational Regions

  • International

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Recent news

  • 11/29/2023 - Cheniere Energy Signs... (subscriber access)
  • 7/28/2023 - BP and OMV Sign 10-Year... (subscriber access)
  • 7/5/2023 - Abu Dhabi & OMV... (subscriber access)
  • 11/10/2021 - Equinor Investing $8.8... (subscriber access)
  • 3/26/2021 - OMV Pulls Financing on... (subscriber access)

Company Transactions

Date: 1/28/2019
Type: Acquisition

BUYERS:
  • Eni SpA
  • OMV AG
    • SELLERS:
  • Abu Dhabi National Oil Company (Adnoc)
  • Abu Dhabi National Operating Company- Refining
    • ASSETS:
  • Ruwais Industrial Complex - Crude Oil Refining
  • Ruwais Industrial Complex - Petrochemical Assets
    • DETAILS:

    COST: 5.8 $B

    VOLUMES: 35 Percent

    NOTES:
    Eni and OMV agreed to pay roughly $5.8 billion for a combined 35% stake in Abu Dhabi National Oil Co. Refining.
    REGIONS:
  • Middle East

    • Date: 11/15/2018
    Type: Acquisition

    BUYERS:
  • OMV AG
    • SELLERS:
  • Shell plc.
    • DETAILS:

    COST: 578 $MM

    NOTES:
    Royal Dutch Shell has entered into a deal to divest its entities in New Zealand for $578 million to OMV New Zealand following a two-year strategic review. The deal includes multiple tank farms and an interest in the Great South Basin which has a current $50 million drilling commitment.
    REGIONS:
  • Asia Pacific
  • International

    • Date: 10/6/2016
    Type: Acquisition

    BUYERS:
  • Suncor Energy Inc.
    • SELLERS:
  • OMV AG
    • PROJECTS:
  • U.K. North Sea Rosebank Project
    • DETAILS:

    COST: 165 $MM

    VOLUMES: 113.3 MBOE/d

    NOTES:
    Suncor Energy announced plans to acquire a 30% participating interest in the U.K. North Sea Rosebank Project for a potential $165MM from OMW (U.K.) Limited.
    REGIONS:
  • North Sea