Zistersdorf & Gaiselberg
Among hills and vineyards in the north east of Vienna near to the town of Zistersdorf is one of the most long lived operating oil fields in the world with decades of economic production still predicted due to efficient operations and very low production decline.
The operation is exemplary for sustainable development. Since 1938, this oil field has created its own unique history in oil and gas production and is still operated successfully with the application of state of the art production technologies.
Key facts
- ADX Energy acquired the Zistersdorf/Gaiselberg production facility in late 2019
- Our goal is to continue to achieve sustainable and profitable income through optimised management and further investment
- We set the highest operating standards to ensure clean, low emission production and local employment
- Through further investment and use of state of the art technology on the well maintained facilities, the revenues are on a positive trajectory. So far, field performance has exceeded our cautious estimates
- In addition to the highly productive reservoirs of the geologically young Miocene and Pliocene ages, the field offers a large proven but underdeveloped resource, the so called “Flysch”, a Mesozoic sandstone reservoir which has been producing for many years at lower production rates from only a few wells, but has a very large oil resource in place
The benefit for investors is high value, predictable, low decline and sustained cash flow.
