RAG Exploration & Production GmbH (RAG E&P) produces valuable crude oil, making a major economic contribution that supports the long-term, local production and supply of this vital raw material. The high-grade crude oil produced in Upper Austria is marketed exclusively in Austria, safeguarding high-quality industrial processing in sectors where it is an indispensable resource, embedded in a sustainable circular economy.
RAG E&P has a wealth of experience in domestic oil exploration and production. Thanks to its technological expertise and innovative methods that have won it admirers abroad, RAG E&P’s operations are exceptionally efficient. Technologies and automation solutions developed in-house play a key role in boosting efficiency and optimising oil production. This helps to maintain the commercial supply of domestic crude oil, cutting the country’s dependence on imports. We develop reuse strategies that support renewable energy generation, which forms a core element of our resource-efficient, sustainable approach.
Our capacity for innovation, sustainable and future-proof solutions, and vision to be an industry trendsetter that not only spots business opportunities at an early stage, but also exploits them have long made the company successful, and an important partner for tomorrow’s renewable-led energy landscape.
Fully owned by RAG Austria AG, RAG E&P accounts for 7% of Austria’s total oil output of 664,000 tonnes (2018) – roughly equivalent to the amount of this essential raw material needed by industry in Upper Austria each year (around 82,000 tonnes in 2018).