AUSTRIA

(in Southern Europe)

CAPITAL: VIENNA

POPULATION: 9 mm

AREA (on): 83,900 km2

OIL PEAK: 1955

SUPPLY

Austrian production peaked in 1955, primarily from its largest field; Matzen in the Vienna basin. New discoveries are occasionally made but these, along with intensive enhanced oil recovery technologies, are only sufficient to slow output decline.

Austria’s old fields deliver associated gas and some non-associated gas is also produced. However, as for oil, these fields are nearing the end of their life. New discoveries and better technologies occasionally reverse decline for a period but overall output has been steadily falling.

Austria has no offshore waters.

 

DEMAND

Austrian oil consumption increased from 2000 as the country had above average economic growth but it has declined since 2006 and will likely stay flat over the next decade with imports staying near current levels.

Gas consumption fell from 2005 but should grow slowly after 2009 with imports steadily increasing as the country moves to use more gas, replacing oil wherever it can.

 

 
 

 

 

This is a simple forecast - detailed forecasts including offshore and onshore, deep water splits, sedimentary basins and major fields and drilling etc. can be purchased for most countries.

 

An onshore and offshore oil and gas production, consumption and drilling activity forecast report on this country can be commissioned,

including all relevant charts. Contact us for price and contents list.

 

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