OMV Makes Austria’s Largest Natural Gas Discovery In 40 Years

At a time of heightened tensions with Russia and concerns over energy security in Europe, Austria’s integrated energy company OMV has delivered a welcome surprise – the country’s largest natural gas discovery in 40 years, and certainly its biggest one in this century.

In a statement issued on Friday (July 28, 2023), OMV said its Wittau Tief-2a exploration well located in lower Austria has yielded positive results. A preliminary evaluation at the site indicates potential recoverable resources of approximately 48 TWh, or 28 million barrels of oil equivalent.