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RAG is Austria’s oldest existing crude oil and gas exploration company.

Since its foundation RAG has produced over 15 million tonnes (mn t) of crude oil an 24,5 bn cu m of natural gas. In the past few years RAG has added to its exploration and production acreage, and its operations now extend to Germany, Hungary, Poland and Ukraine.

   

Crude oil

Crude oil remains unsubstitutable for many applications. RAG has  been producing oil in Austria for over 75 years. Thanks to the use of  3D seismic it keeps finding and developing new fields, ensuring that the country will remain an oil producer for decades to come.

Natural gas

Climate-friendly natural gas has become one of the world’s most  important energy sources, and the experts agree that it will continue to gain market shares. RAG Erdgas has been producing natural gas at  fields in Lower Austria, Upper Austria and Salzburg for over 50 years,  and today operates about 200 gas wells. Cumulative output totals about 24.5 billion cubic metres.

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