OREANDA-NEWS. Clean CCS EBIT at EUR 619 mn; clean CCS net income attributable to stockholders at EUR 263 mn in Q3/13

Cash flow from operating activities for the quarter at EUR 1,081 mn, up by 11% vs. Q3/12, reducing balance sheet gearing to ~12%

Significant asset acquisition from Statoil closed end of October; immediate production contribution will be approximately 25 kboe/d and is expected to rise to about 40 kboe/d during 2014

Large oil discovery in the Barents Sea

Gerhard Roiss, CEO of OMV:

“In the first nine months of this year, we have substantially enhanced our upstream portfolio. The acquisition from Statoil of a portfolio of offshore assets lays the foundation for achieving our key strategic targets for 2016, i.e. delivering a production of around 400 kboe/d and a three-year average reserve replacement rate of 100%. Proceeds generated through working capital reductions and disposals from the downstream business have enabled us to largely fund this transaction through cash generation. Our E&P portfolio was further enlarged through the acquisition of an exploration block in Madagascar, while our development pipeline was strengthened by discoveries in Norway, Pakistan and Libya.”