Oil & Gas

OMV and Schlumberger sign Memorandum of Understanding

OMV, the international, integrated oil and gas company based in Vienna, and Schlumberger signed on October 15 a Memorandum of Understanding.

The parties agreed to evaluate collaboration models for digital solutions. The MoU for a future strategic partnership shall accelerate the deployment of the OMV digital roadmap by leveraging new digital technology available and currently developed by Schlumberger. Both parties would benefit from the collaboration on new mutual digital projects.

OMV has defined an overall digital strategy and roadmap to support the company’s growth and the execution of the OMV Upstream strategy.

“The collaboration with Schlumberger would lead us to a front-runner position in chosen areas and give OMV an early access to new digital technology,” Johann Pleininger, OMV Board Member Upstream and Deputy Chairman of the Executive Board, stated.

 

About OMV

OMV is producing and marketing oil and gas, innovative energy and high-end petrochemical solutions – in a responsible way. With Group sales of EUR 20 bn and a workforce of around 20,700 employees in 2017, OMV Aktiengesellschaft is one of Austria’s largest listed industrial companies. In Upstream, OMV has a strong base in Romania and Austria and a balanced international portfolio, with the North Sea, the Middle East & Africa and Russia as further core regions. 2017 daily production stood at approximately 348,000 boe/d. In Downstream, OMV operates three refineries with a total annual processing capacity of 17.8mn tons and more than 2,000 filling stations in ten countries as of year-end 2017. OMV runs gas storage facilities in Austria as well as in Germany; its subsidiary Gas Connect Austria GmbH operates a gas pipeline network in Austria. In 2017, gas sales volumes amounted to 113 TWh.

 

About Schlumberger

Schlumberger is the world’s leading provider of technology for reservoir characterization, drilling, production, and processing to the oil and gas industry. Working in more than 85 countries and employing approximately 100,000 people who represent over 140 nationalities, Schlumberger supplies the industry’s most comprehensive range of products and services, from exploration through production and integrated pore-to-pipeline solutions for hydrocarbon recovery that optimize reservoir performance.

Source: OMV press release

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