EANS-Adhoc: OMV Aktiengesellschaft / ExxonMobil/OMV Petrom: Deep water gas discovery offshore Romania

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OMV / Oil / Gas / Austria

22.02.2012

ExxonMobil Exploration and Production Romania Limited (EMEPRL), an
affiliate of Exxon Mobil Corporation and OMV Petrom SA, the 51%
subsidiary of OMV Aktiengesellschaft, today confirmed a potentially
significant gas discovery offshore Romania.

Operated by ExxonMobil, the Domino-1 well is the first deep water
exploration well offshore Romania and has a total depth of more than
3,000 m below sea level. The Domino-1 well is located in the Neptun
Block, 170 km offshore in water approximately 930 m deep.

The exploration well encountered 70.7 m of net gas pay, resulting in
a preliminary estimate for the accumulation ranging from 1.5 to 3
trillion cf (42 to 84 bn m³). Drilling operations started at year-end
2011 and are in the process to be finalized.

ExxonMobil and OMV plan new 3D seismic acquisition during 2012. The
evaluation of the Domino-1 well results and the new seismic will
determine next steps. It is too early in the data evaluation and
exploration process to determine whether the Neptun block will
ultimately prove to be commercially developable or not. However,
should further work confirm the technical and commercial feasibility
of deep water gas production from the Neptun block, further
investment during both the exploration and development phases could
reach several billion USD with the potential for first production
towards the end of the decade at the earliest.

Further inquiry note:
OMV
Investor Relations:
Lacramioara Diaconu
Tel. +43 1 40 440-21600
e-mail: investor.relations@omv.com

Media Relations:
Johannes Vetter
Tel. +43 1 40 440-21661
e-mail: media.relations@omv.com

Internet Homepage: http://www.omv.com

end of announcement euro adhoc
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