Rohöl-Aufsuchungs Aktiengesellschaft (RAG) is formed on 15 October as Rohöl-Gewinnungs AG by Socony Vacuum Oil Company, Inc. (now Exxon Mobil Corporation) and N.V. de Bataafsche Petroleum Maatschappij (now Royal Dutch Shell plc).
RAG 2 well in Zisterndorf makes first oil discovery; production starts.
27 May: Puchkirchen 1 is brought on stream, marking the start of the first development project in Upper Austria.
RAG makes its first gas shipment in Upper Austria, from the Voitsdorf field to Kirchdorf an der Krems.
The Puchkirchen gas storage facility, with a capacity of around 40 million cubic metres of working gas, is built.
EVN Energie Versorgung Niederösterreich acquires 50 percent of the shares, with Mobil Oil Austria and Shell Austria AG each taking 25 percent stakes.
EVN transfers its stake to the newly formed RAG-Beteiligungs-Aktiengesellschaft (RBG), in which Bayernwerke AG acquires a 40 percent holding, and SAFE and Steirische Ferngas Ges.m.b.H. each take 10 percent.
Horizontal drilling begins at the Puchkirchen storage facility.
The largest ever gas discovery in the Austrian section of the Molasse basin – around 4 billion cubic metres – is made at Haidach.
RAG obtains an exploration permit from the Bavarian government for the 2,300 square kilometre Salzach-Inn concession – its first outside Austria.
Mobil Oil Austria sells its 25 percent stake in RAG to RBG.
24 May: Inauguration of the Haidach storage facility.
Capacity at the Puchkirchen storage facility is expanded to 850 million cubic metres.
Shell disposes of its stake, which is acquired by the other owners.
The Haidach II, 7Fields I and Aigelsbrunn gas storage facilities are completed.
The total capacity of gas storage facilities operated by RAG reaches 5 billion cubic metres.