OMV Discovered Major Gas Field in Austria

EnergyOil & Gas ♦ Published: November 26, 2011; 15:42 ♦ (Vindobona)

The Austrian oil and gas group OMV found a major gas field in Northern Lower Austria. The gas could cover the domestic gas demand for 30 years.

OMV Discovered Major Gas Field in Austria / Picture: ©

The OMV had a promising discovery this week: a major shale gas field in the Northern Lower Austria, which is well-known for its wine-culture, could cover the entire Austrian demand for gas for the next 30 years. Currently, Austria can cover only 15% of its gas demand by domestic sources. Now, OMV is looking for appropriate exploitation methods.

The gas field is located in a depth…