Rohöl-Aufsuchungs Aktiengesellschaft
Encyclopedia
Rohöl-Aufsuchungs Aktiengesellschaft (RAG) is an oil and gas company with headquarters in Vienna
, Austria
. The operations center responsible for drilling and production is situated in Gampern
, Upper Austria
. Together with Wingas
and Gazprom Export
it owns the Haidach gas storage
.
(now part of ExxonMobil
) and N.V.de Bataafsche Petroleum Maatschappij (now part of Royal Dutch Shell
). In 1937, the was found in Lower Austria. In 1946, the company was nationalized. The private ownership was restored in 1955. In 1992, EVN Energie-Versorgung Niederösterreich AG
acquired 50% of the share capital. Mobil Oil Austria AG and Shell Austria AG hold 25% each, Mobil's operatorship continued. Later the EVN's ownership was transferred to RAG-Beteiligungs AG, in which E.ON
, Salzburg AG für Energie, Verkehr und Telekommunikation and Steirische Ferngas AG became co-shareholders. In 1998, Mobil Oil Austria sells its 25% share to RAG Holding AG whose shareholders and shares are identical with those of RAG Beteiligungs-AG. At the same time Shell International E & P took over operatorship of the company. In 2001, the first natural gas was sold to Italy and Germany. In 2005, RAG started the Underground Gas Storage Facility Haidach.
Vienna
Vienna is the capital and largest city of the Republic of Austria and one of the nine states of Austria. Vienna is Austria's primary city, with a population of about 1.723 million , and is by far the largest city in Austria, as well as its cultural, economic, and political centre...
, Austria
Austria
Austria , officially the Republic of Austria , is a landlocked country of roughly 8.4 million people in Central Europe. It is bordered by the Czech Republic and Germany to the north, Slovakia and Hungary to the east, Slovenia and Italy to the south, and Switzerland and Liechtenstein to the...
. The operations center responsible for drilling and production is situated in Gampern
Gampern
Gampern is a municipality in the district of Vöcklabruck in Upper Austria, Austria....
, Upper Austria
Upper Austria
Upper Austria is one of the nine states or Bundesländer of Austria. Its capital is Linz. Upper Austria borders on Germany and the Czech Republic, as well as on the other Austrian states of Lower Austria, Styria, and Salzburg...
. Together with Wingas
Wingas
Wingas GmbH is a gas distribution, transport and storage company located in Kassel, Germany. The company was established in 1993 by Wintershall Holding AG, a subsidiary of BASF, and Gazprom...
and Gazprom Export
Gazprom Export
Gazprom Export LLC. is a Russian company founded in 1973, the leading exporter of natural gas in the world, supplying Europe and the Commonwealth of Independent States. It is a 100% subsidiary of Gazprom. Gazprom Export's gas is mostly shipped by pipelines. Gazprom Export has a monopoly on gas...
it owns the Haidach gas storage
Haidach gas storage
Haidach gas storage is an underground natural gas storage in the town of Haidach near Salzburg, Austria. It is the second largest gas storage facility in Central Europe.-History:...
.
History
The company was founded in 1935 by Socony Vacuum Oil, Inc.Vacuum Oil Company
Vacuum Oil Company was an American oil company known for their Gargoyle 600-W Steam Cylinder Oil. Vacuum Oil merged with Socony Oil to form Socony-Vacuum Oil Company, and is now a part of ExxonMobil.-History:...
(now part of ExxonMobil
ExxonMobil
Exxon Mobil Corporation or ExxonMobil, is an American multinational oil and gas corporation. It is a direct descendant of John D. Rockefeller's Standard Oil company, and was formed on November 30, 1999, by the merger of Exxon and Mobil. Its headquarters are in Irving, Texas...
) and N.V.de Bataafsche Petroleum Maatschappij (now part of Royal Dutch Shell
Royal Dutch Shell
Royal Dutch Shell plc , commonly known as Shell, is a global oil and gas company headquartered in The Hague, Netherlands and with its registered office in London, United Kingdom. It is the fifth-largest company in the world according to a composite measure by Forbes magazine and one of the six...
). In 1937, the was found in Lower Austria. In 1946, the company was nationalized. The private ownership was restored in 1955. In 1992, EVN Energie-Versorgung Niederösterreich AG
EVN Group
EVN Group is an Austrian-based producer and transporter of electricity, one of the largest in Europe having over three million customers in 14 countries. The company also operates in water treatment, natural gas supply and waste management business areas...
acquired 50% of the share capital. Mobil Oil Austria AG and Shell Austria AG hold 25% each, Mobil's operatorship continued. Later the EVN's ownership was transferred to RAG-Beteiligungs AG, in which E.ON
E.ON
E.ON AG, marketed with an interpunct as E•ON, is the holding company of the world's largest investor-owned energy service provider based in Düsseldorf, Germany. The name comes from the Greek word aeon which means eternity....
, Salzburg AG für Energie, Verkehr und Telekommunikation and Steirische Ferngas AG became co-shareholders. In 1998, Mobil Oil Austria sells its 25% share to RAG Holding AG whose shareholders and shares are identical with those of RAG Beteiligungs-AG. At the same time Shell International E & P took over operatorship of the company. In 2001, the first natural gas was sold to Italy and Germany. In 2005, RAG started the Underground Gas Storage Facility Haidach.