Slide 1: Asset swap between OMV and Gazprom
Asset swap between OMV and Gazprom December 14, 2016 Urengoy, Russia. Source: Gazprom OMV Aktiengesellschaft
Slide 2: Disclaimer
Disclaimer This document does not constitute a recommendation, an offer or invitation, or solicitation of an offer, to subscribe for or purchase any securities and neither this document nor anything contained herein shall form the basis of any contract, investment decisions or commitment whatsoever.
Slide 3: Asset swap between OMV and Gazprom: Binding basic agreement signed
Asset swap between OMV and Gazprom: Binding basic agreement signed ► OMV to receive a 24.98% stake in Achimov IV/V blocks, Urengoy natural gas and condensate field ► Gazprom to receive a 38.5% participation in OMV’s wholly owned subsidiary OMV (NORGE) AS ► The economic effective date will be January
Slide 4: Urengoy: Russia's largest gas field
Urengoy: Russia’s largest gas field Russia's largest gas field, located in Western Siberia Kara Sea Field discovered in 1966 and has been producing gas for over 35 years Achimov IV/V * Achimov IV/V reservoir in the Urengoy field is a deep and condensate rich reservoir Urengoy field Currently
Slide 5: Achimov IV/V significantly increases production and reserves for OMV
Achimov IV/V significantly increases production and reserves for OMV OMV’s share of Achimov’s IV/V production Long-term, stable production base for OMV development Achimov IV/V sanctioned in March 2016 in kboe/d Total cumulative production: 2.2 bn boe 100 OMV’s share: 560 mn boe ~70% gas and ~30
Slide 6: Norway is a core region for OMV
Norway is a core region for OMV Gazprom to receive a 38.5% stake in WISTING OMV (NORGE) AS OMV Norwegian subsidiary: 32 licenses, 5 operated by OMV 2P reserves of 200 mn boe AASTA HANSTEEN 50% split between liquids and gas 9m/2016 production: 67 kboe/d Main interests: GULLFAKS Producing fiel
Slide 7: Strategic rationale
Strategic rationale Transaction enables OMV to exceed its strategic target of a 100% Reserve Replacement Rate for a period of five years Substantial increase in OMV’s production from Achimov IV/V 25 kboe/d production contribution in 2020 >80 kboe/d plateau production contribution in 2025-2036 Si
Slide 8: Impact on OMV's financials
Impact on OMV’s financials OMV (NORGE) AS ► OMV will continue to fully consolidate its OMV (NORGE) AS subsidiary and the reserves ► OMV Norwegian subsidiary will distribute dividends to Gazprom Achimov IV/V ► OMV will be entitled to dividends from the Achimov IV/V joint venture; dividends expected t
Slide 9: OMV Aktiengesellschaft
IV Aktiengesellschaft ouv Moving more. Moving the future. oO M Vv