The history of RAG Exploration & Production GmbH goes back to 1935 when Rohöl-Aufsuchungs Aktiengesellschaft, the trailblazer of the Austrian oil industry, launched its exploration and production activities in Lower Austria. Thanks to innovative methods that have won it admirers all over the world, RAG’s domestic oil and gas exploration and production operations – its core business for decades now – have reached high levels of efficiency. Automation solutions and other technologies developed by RAG were crucial to its ability to survive periods of low oil prices.
Digitalisation, automation and a knack for thinking beyond oil’s traditional role as an energy source hold out a lot of potential for the future of this business, because oil is an indispensable raw material for large parts of the economy – especially the chemical industry, for which it remains a vital feedstock. It is an irreplaceable base material for over 90 percent of all chemical products, including plastics, detergents, cosmetics and fertilisers.
The company’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.