OMV’s Upstream Division Delivers a Strategic One-Two Punch

OMV’s exploration and production arm made significant strategic moves over the weekend, signaling a potential reacceleration of its traditional oil and gas operations. The dual developments—one in Libya and another in Romania—could substantially bolster the company’s production foundation from 2026 onward, prompting market observers to question whether hydrocarbons will once again become the primary driver for the group’s share price.

• Romanian License Secured: OMV Petrom extends critical offshore licenses through 2043.
• Libyan Operations Reviving: An end to “force majeure” status is imminent, with new drilling planned.
• Share Price Resilience: The stock, closing at €47.24, remains near its yearly peak.