The history of RAG Exploration & Production goes back to 1935, when Rohöl-Aufsuchungs Aktiengesellschaft, Austria’s oil industry pioneer, launched its exploration and production activities in Lower Austria. Conventional domestic oil and gas exploration and production have been RAG’s core business for decades. Innovative technologies and automation solutions developed by RAG have won plaudits from around the world and have helped the company to set new standards in efficiency. This has been an important step – oil is an indispensable and hugely valuable raw material, especially for the chemical industry, where it remains a vital feedstock. It is an irreplaceable base material for over 90% of all chemical products, including plastics, detergents, cosmetics and fertilisers.
RAG Exploration & Production’s wide-ranging expertise, ability to innovate, and vision to be an industry trendsetter that spots and exploits new business opportunities quickly and effectively have long made it successful and fit for the future.