The first oil from the Edvard Grieg field in the Norwegian North Sea was achieved on November 28, 2015.

The Edvard Grieg field has commenced production, enabling OMV to benefit from another new field start-up in Norway after the production start at the Gudrun field in 2014.

Johann Pleininger, OMV Executive Board member responsible for Upstream: 'We are pleased that the first oil from Edvard Grieg has arrived in the last quarter of 2015. This is another important step in increasing our production portfolio in Norway. Our special thanks go to the operator Lundin and the dedicated project team.'

The drilling campaign has re-commenced. Edvard Grieg is expected to add approximately 19 kboe/d of production, net to OMV, at plateau level.

About Edvard Grieg
The Edvard Grieg field is part of PL338 in the North Sea, about 180 km west of Stavanger. The field was discovered in 2007. It has been developed in a water depth of 100 m with a steel jacket platform resting on the seabed. The topsides weigh about 22,000 tonnes and include a processing facility, utility module and living quarters. Most of the construction work took place in Norway, with Kværner as the main contractor and a long list of Norwegian companies like Aker Solutions and Apply Leirvik as well as foreign sub-contractors.

Development drilling with the Rowan Viking jack-up rig will resume and a total of ten production wells and four water injection wells are planned. The drilling of the development wells is expected to continue into 2018, but the aim is to reach plateau production in the second half of 2016. Edvard Grieg has been designed as a field center and will receive oil and gas from the neighboring field Ivar Aasen for further processing.

The oil will be transported via a new pipeline to Grane and then via existing pipelines to the Sture terminal on the west coast of Norway, while gas will be transported via a separate pipeline system to St. Fergus in Scotland.

OMV Norge is a partner with 20% interest in the Edvard Grieg field, operated by Lundin Norway AS (50%). The additional partners are Statoil and Wintershall Norge, with an interest of 15% each.

For further information, please contact:

OMV Media Relations:
Johannes Vetter, Tel.: +43 1 40440 22729, e-mail: johannes.vetter@omv.com
Robert Lechner, Tel.: +43 1 40440 21472, e-mail: robert.lechner@omv.com

OMV Investor Relations:
Felix Rüsch, Tel.: +43 1 40440 21600, e-mail: investor.relations@omv.com
Web: http://www.omv.com

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