OMV said on Thursday that “in the coming years”, it aims to undertake a “significant increase in investment” in Austria in order to support domestic oil and gas production and further develop technological innovation.
The group’s capital expenditure guidance for 2017/2018 is about €2.4 billion ($2.7 billion). The investments next year will go in part towards drilling 12 wells in Weinviertel, lower Austria.
“The
