OMV New Zealand Ltd
OMV New Zealand Limited
SEAPEX Technical & Farmout Forum
Singapore, 13th April 2018
New Zealand
Taranaki
GSB
ECB
NWS Australia
NWS
Middle East
Arabian
Iranian
Zagros
SE Asia
Gulf of
Thailand
Kutei
Sumartra Natuna
Northern Europe
North
Sea
Vienna
Faroes
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Legal Disclaimer
2
This document does not constitute a recommendation, an offer or invitation, or solicitation of an offer, to subscribe for or purchase any securities and neither this document nor anything contained herein shall form the basis of any contract, investment decisions or commitment whatsoever. This document does not include any financial analysis or financial research and may not be construed to be a or form part of a prospectus. It is being furnished to you solely for your information. This document and its contents are proprietary to OMV Aktiengesellschaft (“the Company”) and neither this document nor any part of it may be reproduced or redistributed to any other person. It may be amended and supplemented.
No reliance may be placed for any purpose whatsoever on the information contained in this document, or any other material discussed verbally, or on its completeness, accuracy or fairness. None of the Company, connected persons, their respective affiliates, or any other person accepts any liability whatsoever for any loss or damage howsoever arising, directly or indirectly, from any use of this document or its contents. The information and opinions contained herein are provided as at the date of this document.
This document is not directed at, or intended for distribution to or use by, any person or entity that is a citizen or resident or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction. In particular, no recipient of this document or any copy or part hereof shall reproduce, forward, retransmit or otherwise redistribute this document or any copy or part hereof, directly or indirectly, in or into the United States, Canada, Japan or Australia.
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This document does not purport to contain all information that may be necessary in respect of the Company or its shares and in any event each person receiving this document needs to make an independent assessment. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any statements including any forward-looking statements contained herein to reflect any change in the Company’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.
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OMV New Zealand Limited - The 2018 SEAPEX Technical & Farmout Forum – 13th April 2018
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Introduction to OMV
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OMV Exploration Permits (Operated)
OMV Producing Assets (Operated and Non-operated)
Taranaki Permits
East Coast Permit
Canterbury and Great South Permit
OMV New Zealand Limited is a subsidiary of OMV EP, which is part of the OMV Group, one of Austria’s largest listed industrial companies. As of year-end 2017 average global daily oil & gas production of OMV EP was approximately 348,000 boe/d.
OMV New Zealand Limited
Head office: Wellington, Operations base: New Plymouth
Interests in 3 offshore production permits. Operator of the Maari oil field, partner in Maui and Pohokura gas fields.
15th March 2018 - OMV acquired Shell´s Upstream business in New Zealand
OMV NZ Ltd is an existing partner in the acquired assets (Maui and Pohokura) and intends to assume operatorship in both joint ventures.
It is subject to conditions, including New Zealand Commerce Act and Overseas Investment approvals.
OMV Exploration in New Zealand
OMV NZ Ltd is operator of 7 exploration permits in all prospective HC basins (Taranaki, East Coast and Canterbury Great South Basin)
OMV has been exploring in New Zealand since 1999
Exploration department of 13 staff in country, supported by specialist groups in Head Office.
Experienced operator of seismic surveys and drilling operations, very familiar with the NZ operating environment.
Significant proprietary regional knowledge and databases.
Well-established stakeholder relationships .
OMV New Zealand Limited - The 2018 SEAPEX Technical & Farmout Forum – 13th April 2018
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Western New Zealand
Taranaki Basin
▪ PEP 57075 Cloudy Bay
▪ PEP 60092 Ridgeline
▪ PEP 60093 Toutouwai
▪ PMP 38154 Pohokura
▪ PML 381012 Maui
▪ PEP 51906 Matuku
▪ PMP 38160 Maari
▪ PEP 60091 Te Whatu
Eastern New Zealand
East Coast Basin
▪ PEP 57073 Pegasus
Canterbury Great South Basin
▪ PEP 50119 CGSB
Opportunities to Partner with OMV in New Zealand
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OMV Exploration Permits (Operated)
OMV Producing Assets (Operated and Non-operated)
OMV New Zealand Ltd intends to seek for partners to earn non-operated interest in four of its exploration permits in New Zealand.
Gaining entry into these exploration blocks offers an opportunity to access a balanced non-operated acreage position with limited near-term cost exposure and long-term exploration running room.
Positions of up to 30% in are available in 2 Taranaki Basin permits. And up to 40% in the CGSB and ECB permits.
OMV intends to retain operatorship along with 30% - 40% equity in each of these permits.
OMV is seeking interested parties who can bring applicable experience and expertise to work collaboratively with OMV and other JV partners.
Licences have various commitments ranging from seismic reprocessing to drilling.
The status of work in individual permits varies according to the commitment and time since award; all permits are in good standing.
Taranaki Permits
East Coast Permit
Canterbury Great South Permit
2018 FARM OUT
PEP 57073PEP 57075
PEP 51906
PEP 50119
OMV New Zealand Limited - The 2018 SEAPEX Technical & Farmout Forum – 13th April 2018
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Opportunities to Partner with OMV in New ZealandTaranaki Basin
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Diverse multi-play portfolio consistent across entire acreage position
Gross Mean Unrisked Resource 1,036 mmboe
(Key Leads only - subset of multi-permit portfolio)
PEP 57075 Cloudy Bay
(OMV Operator 70%, Sapura 30% - 30% available)
covers an area of 1,365 km2. The permit lies on the major structural and depositional
trend that hosts offshore producing fields and contains a range of plays and leads in
Cretaceous through Miocene reservoirs.
PEP 51906 Matuku
(OMV Operator 70%, Sapura 30% - 30% available)
covers an area of 806 km2. The permit is surrounded by the producing oil fields of Maari,
Manaia, Tui, Amokura & Pateke and the giant Maui Gas Field. Drilling & 3D seismic
acquisition in 2014 provide encouraging new exploration insights for the future
prospectivity.
OMV New Zealand Limited - The 2018 SEAPEX Technical & Farmout Forum – 13th April 2018
OMV Exploration Permits (Operated)
OMV Producing Assets (Operated and Non-Op)
PEP 60093
PEP 60092
PEP 57075
PML 38154
PML 381012
PMP 38160
PEP 51906
25 km
PEP 60091
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Opportunities to Partner with OMV in New ZealandTaranaki Basin – PEP 57075 (New Seismic)
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Gladstone channel (~15.5Ma)
RMS amplitude (+/-25ms)
IL1220
TW
T [
ms]
1000 -
2000 -
3000 -
4000 -
South North
15.5Ma
IL1220
Kanuka-1
Taimana-1
5km
GLADSTONE PROSPECT
5 km
OMV New Zealand Limited - The 2018 SEAPEX Technical & Farmout Forum – 13th April 2018
GLADSTONE PROSPECT
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Opportunities to Partner with OMV in New ZealandEast Coast Basin
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PEP 57073
Diverse multi-play portfolio consistent across entire acreage position
Gross Mean Unrisked Resource 3,656 mmboe
(Key Leads only - subset of multi-permit portfolio)
PEP 57073 Cloudy Bay (OMV Operator 70%, Statoil 30% - 30-40% available)
Covers an area of 9,800 km2 in the offshore ECB on the east coast of the North
Island of New Zealand. The ECB has seen a dramatic increased industry interest in
2015.
The permit sits atop the primary source kitchen & straddles a mix of shallow to
mainly deep-water exploration plays.
A new MC3D (16,000 Km2) is currently being processed to unlock the basin.
Frontier exploration in a basin with few wells, with an abundance of structural and
stratigraphic play potential.
There are local onshore and offshore oil and gas seeps, and a work programme
has been tailored to de-risk the basin.
Well Commitment decision not required until 1st April 2021.
OMV New Zealand Limited - The 2018 SEAPEX Technical & Farmout Forum – 13th April 2018
OMV Exploration Permits (Operated)
OMV Producing Assets (Operated & Non-Op)
150 km
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Opportunities to Partner with OMV in New ZealandEast Coast Basin – Big Picture
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Key Message: recent seafloor topography is mirroring the Miocene seafloor topography, where since the Miocene a common hinterland provides sediment into a confined and unconfined basin setting at the same time.
Unconfined Slope to Basin Floor Setting
Very wide shelf in order of 100’s of km
Narrow shelf width in order of 10’s of km
Confined ‘ponded’ Slope to Basin Floor Setting
Present Day Shelf Break
Present Day Shelf Break
Present Day 3D view looking SE
Mt Taranaki
Mt Ruhapehu
Taranaki Basin
East Coast Basin
OMV New Zealand Limited - The 2018 SEAPEX Technical & Farmout Forum – 13th April 2018
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Opportunities to Partner with OMV in New ZealandCanterbury Great South Basin
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PEP 50119
OMV Exploration Permits (Operated)
OMV Producing Assets (Operated & Non-Op)
150 km
Diverse multi-play portfolio consistent across entire acreage position
Gross Mean Unrisked Resource 3,656 mmboe
(Key Leads only - subset of multi-permit portfolio)
PEP 5019 Cloudy Bay (OMV Operator 82.93%, Mitsui 17.07% - 40% available)
Covers an area of 16,715 km2 in the offshore CGSB on the east coast of the South
Island of New Zealand. The CGSB has seen a various industry interest in the last
decades. Anadarko drilled the last well in 2014 – Caravel-1 is classified as a dry well
with gas shows in Paleocene and Eocene.
14 wells drilled so far, 10 wells encountered hydrocarbons, four sub-commercial
discoveries (estimated discovered volumes in mmboe 170).
Proven effective petroleum system.
Commitment well planned for Q1 2019 – Sirius Prospect and Tawhaki-1 well.
- Deepwater (1318m), shallow TD (2960m MD AHD), vertical
- Gross Mean Unrisked Oil Resource 1,004 mmbbl
OMV New Zealand Limited - The 2018 SEAPEX Technical & Farmout Forum – 13th April 2018
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Opportunities to Partner with OMV in New ZealandCanterbury Great South Basin (CGSB)
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Gippsland Basin, Taranaki Basin & Canterbury Great South Basin (CGSB) were all deposited contemporaneously along trend on the SE side of the original Gondwana Margin.
All 3 basins have similar oil prone source rocks, similar early basin development and sedimentary fill.
Gippsland is highly productive & mature
Taranaki is productive & immature
CGSB has discoveries & is under-explored
0
20
40
60
80
100
120
140
160
180
GIPPSLAND TARANAKI CGSB
Basin Area ( ‘000s Km2 )
Number of Exploration Wells
OMV New Zealand Limited - The 2018 SEAPEX Technical & Farmout Forum – 13th April 2018
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Why partner with OMV NZ?
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OMV’s exploration team in New Zealand has extensive in-depth knowledge of New Zealand’s prospective basins.
OMV’s significant proprietary regional knowledge and databases has enabled selection & maturation of the current portfolio of licenses.
The current licenses have been carefully selected based on a detailed understanding of the petroleum systems and play based exploration practices.
Partnership with OMV in the Taranaki, East Coast and Canterbury Great South Basins will give access to the best and most balanced portfolio of opportunities currently available in New Zealand.
OMV New Zealand Limited - The 2018 SEAPEX Technical & Farmout Forum – 13th April 2018
OMV New Zealand Ltd
OMV in New Zealand,
Building an E&P Footprint
Contact : Simon Lange
Head of Exploration, Development & ProductionOMV New Zealand Ltd
Alan Clare
Exploration & Appraisal ManagerOMV New Zealand Ltd
