- Development project to increase share of natural gas in OMV portfolio in accordance with Strategy 2030
- Drilling of Berling field to commence Q3/2026 with gas and condensate production expected in 2028
- License partners are OMV (Norge) AS as operator (30%) Equinor Energy AS (40%) and DNO Norge AS (30%)
OMV announces the approval of its Plan for Development and Operation (PDO) for the Berling gas and condensate discovery by the Norwegian Ministry of Petroleum and Energy. The plan was submitted by OMV (Norge) AS to the Norwegian authorities on behalf of the license partners in December last year.
“Berling is one of our key natural gas development projects and is geared to increase the share of natural gas in our portfolio as outlined in OMV’s Strategy 2030. The gas and condensate volumes are expected to further strengthen Norway’s position as an important European supplier of natural gas,” said Berislav Gaso, Executive Vice President for Energy, OMV AG.
The Berling production license area is located about 175 km from Kristiansund in the Northwestern part of Norway, in a mature oil and gas province with established infrastructure. The closest hub is the Equinor-operated Åsgard B platform approximately 23 km to the south-east.
Three production wells will be drilled at the Berling field starting Q3/2026 with expected first gas and condensate production in 2028. The estimated gross recoverable resources are expected to be around a total of 45 mn boe.
The Berling discoveries in production licence 664 (PL 644) area were made 2018. OMV (Norge) AS is the operator for the development and operations with 30% working interest. The license partners are Equinor Energy AS (40%) and DNO Norge AS (30%).
With Group sales revenues of EUR 62 bn and a workforce of around 22,300 employees in 2022, OMV is amongst Austria’s largest listed industrial companies.
In Chemicals & Materials, OMV through its subsidiary Borealis, is one of the world’s leading providers of advanced and circular polyolefin solutions and a European market leader in base chemicals, fertilizers, and plastics recycling. Together with its two major joint ventures – Borouge (with ADNOC, in the UAE and Singapore) and Baystar™ (with TotalEnergies, in the USA) – Borealis supplies products and services to customers across the globe. OMV’s Fuels & Feedstock business produces and markets fuels as well as feedstock for the chemical industry, operates three refineries in Europe, and holds a 15% stake in a refining joint venture in the UAE. OMV operates around 1,800 filling stations in ten European countries. In the Energy segment, OMV explores and produces oil and gas in the four core regions of Central and Eastern Europe, Middle East and Africa, North Sea, and Asia-Pacific. Average daily production in 2022 amounted to 392 kboe/d. Its activities also include the Low Carbon Business as well as the entire gas business.
OMV intends to transition from an integrated oil, gas, and chemicals company to become a leading provider of innovative and sustainable fuels, chemicals, and materials, while taking a leading global role in the circular economy. By switching over to a low-carbon business, OMV is striving to achieve net zero in all three Scopes by 2050 at the latest.
OMV shares are traded on the Vienna Stock Exchange (OMV) and as American Depository Receipts (OMVKY) in the U.S.