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  1. Market Data
May 2, 2022

Matzen Conventional Oil Field, Austria

By Carmen

Matzen is a producing conventional oil field located onshore Austria and is operated by Omv Austria Exploration & Production. The field is located in block Matzen.

Field participation details

The field is owned by OMV.


Production from Matzen

The Matzen conventional oil field recovered 99.32% of its total recoverable reserves, with peak production in 1955. The peak production was approximately 54.76 thousand bpd of crude oil and condensate and 82 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2026. The field currently accounts for approximately 24% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 6.04 Mmboe, comprised of 36.24 bcf of natural gas reserves.


Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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