omv new zealand limited - seapex.org · omv new zealand limited is a subsidiary of omv ep, which is...

OMV New Zealand Ltd

OMV New Zealand Limited

SEAPEX Technical & Farmout Forum

Singapore, 2nd April 2019

Continental

USA + Canada

Continental

USA + CanadaWillistonWilliston

AnadarkoAnadarko

GOMGOM

PermianPermian

Uinta

Piceance

Uinta

Piceance

Northern EuropeNorthern Europe

North

Sea

North

Sea

ViennaVienna

FaroesFaroes

New ZealandNew Zealand

TaranakiTaranakiECBECB

GSBGSB

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Introduction to OMV

OMV New Zealand Ltd, The 2019 SEAPEX Technical & Farmout Forum, 2nd of April 20192

Taranaki Permits

East Coast Permit

Canterbury and Great South Permit

OMV Exploration Permits (Operated)

OMV Producing Assets (Operated)

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 2018 average global daily oil and gas production of OMV EP was approximately 447,000 boe/d.

OMV New Zealand Limited

� Head office: Wellington, Operations base: New Plymouth

� Operator of 3 offshore production permits - Maari Oil Field (WI 69%) , Maui Gas Condensate Field (WI 100%) and Pohokura Gas Condensate Field (WI 74%).

OMV Exploration in New Zealand

� OMV New Zealand Ltd is operator of 7 exploration permits in all the major prospective HC basins (Taranaki, East Coast and Canterbury Great South Basin)

� Drilling campaign will commence in Q4 with 2 firm and 2 contingent wells in the Taranaki & Canterbury Great South Basins.

� OMV has been exploring in New Zealand since 1999

� Exploration department of 19 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 .

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Opportunities to Partner with OMV in New Zealand


� 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

PEP 50119 CGSB

� OMV New Zealand Ltd is seeking partners to earn a non-operated interest in three 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.

� 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.

� 3 successful farm-outs in the last three years.

� Licenses have various long term 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 and Great South Permit

2018 FARM OUT



PEP 57075

PEP 51906

PEP 57073

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Opportunities to Partner with OMV in New ZealandTaranaki Basin


PEP 60093

PEP 60092

PEP 57075

PML 38154

PML 381012

PMP 38160

PEP 51906

PEP 57075

25 km



Diverse multi-play portfolio consistent across entire acreage position

Gross Mean Unrisked Resource 328 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. Main prospect of Miocene age, with an AVO anomaly identified on newly

acquired 3D broadband data, in an area with working petroleum system indications.

� 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. Near field

exploration opportunities in an area with tie back possibilities and drilling campaign in PML

381012 (Maui) will enable HC export options.

PEP 60092

PEP 60093

PEP 60091

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Opportunities to Partner with OMV in New ZealandTaranaki Basin – PEP 57075 (New Seismic)


GLADSTONE PROSPECT

TOP RESERVOIR STRUCTURE MAP (COHERENCE AND RMS DRAPE)

KANUKA-1TAIMANA-1

no sands penetrated

thin “ratty” sands penetrated3-way component (4km2)

4-way component (2km2)

TAIMANA-1stratigraphic component (83km2)




ultimate LCC

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TW

T [

ms

]

1000 -

2000 -

3000 -

4000 -

South North

15.5Ma

IL1220

5 km

GLADSTONE PROSPECT

GLADSTONE-1 GLADSTONE-1

Gladstone Prospect (Pg 33%)

� Low side fault bounded trap

� Paleo pockmarks indicate working petroleum system

� AVO anomaly conformant to structure

� Mean recoverable 164 mmbbl

Gladstone Prospect (Pg 33%)

� Low side fault bounded trap

� Paleo pockmarks indicate working petroleum system

� AVO anomaly conformant to structure

� Mean recoverable 164 mmbbl

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RURU-3

Kea-1

TOP BASEMENT STRUCTURE MAPTOP BASEMENT STRUCTURE MAP TOP BASEMENT STRUCTURE MAPTOP BASEMENT STRUCTURE MAP

F Sand OilF Sand Oil

CEF –CAPE EGMONT FAULT ZONE

CASCADE PROSPECT

CASCADE KITCHEN

MAUI SUB-BASIN CASCADE

PROSPECT

SHALLOW

DEEP

D Sand Gas/CondensateD Sand Gas/CondensateC Sand Gas/CondensateC Sand Gas/Condensate

Lower North CapeLower North Cape

Upper North CapeUpper North Cape

F SandF Sand

Top Lower North Cape~320m relief with 19km2

Top Upper North Cape~260m relief with 29km2

Top Upper North Cape~260m relief with 22km2

Cascade Prospect (Pg 18%)

� High side fault bounded trap� Ruru-3 proved CEFZ sealing

potential� all reservoir levels proven in vicinity� Mean recoverable 65 mmbbl

Cascade Prospect (Pg 18%)

� High side fault bounded trap� Ruru-3 proved CEFZ sealing

potential� all reservoir levels proven in vicinity� Mean recoverable 65 mmbbl

Moki FmOilMoki FmOil

C sand GasC sand Gas

F sand GasF sand Gas

C sand Dry

Moki FmDryMoki FmDry

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Opportunities to Partner with OMV in New ZealandEast Coast Basin


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 Pegasus (OMV Operator 70%, Equinor 30% : 30-40% available)

� Covers an area of 9,800 km2 in the offshore ECB on the east coast of North Island, New

Zealand. The ECB has seen a dramatic increased industry interest since 2015.

� The permit sits atop the primary source kitchen & straddles mainly deep-water exploration plays.

� A new MC3D (16,000 km2) was acquired to unlock the basin. Frontier exploration in a basin with

few wells, with an abundance of structural and stratigraphic play potential and a proven

petroleum system.

� 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.



25 km

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Opportunities to Partner with OMV in New ZealandEast Coast Basin – Big Picture


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 SEPresent Day 3D view looking SE

Mt Taranaki

Mt Ruhapehu

Taranaki BasinEast Coast

Basin

� 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.

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Opportunities to Partner with OMV in New ZealandEast Coast Basin – Sediment supply and distribution


Shelf

Trench-Slope Basins

Recent Shelf break

Madden BanksMadden Canyon

Madden Canyon

Madden Banks

RMS Extraction and Variance drape

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Opportunities to Partner with OMV in New ZealandEast Coast Basin – On- and Offshore Oil and Gas Seeps


ONSHOREoil seeps

undiff thermogenic oil and gas seeps

gas seeps

OFFSHOREthermogenic piston core indicators (2015 OMV survey)

Airbus slicks

1000m

0m-5000m

PEP 57073

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Opportunities to Partner with OMV in New ZealandEast Coast Basin – Prospectivity


Structural Traps with Fluid

Indications

Stratigraphic Traps with Reservoir

Indications

Pre/Syn Kinematic Boundary

DE

PT

H

IN

M

ET

ER

BSR

Stratigraphic Traps with Reservoir

Indications

+

-

Structural Traps with Reservoir

Indications


Indications

Pre / SynKinematic boundary

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Indications


Structural Traps with Amplitude

anomaly

DE

PT

H

IN

M

ET

ER

BSR

Sub-Thrust Traps

+

-


Indications

Structural Traps with amplitude

anomalies


Sub-thrust traps

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Indications

DE

PT

H

IN

M

ET

ER

BSR

+

-


Indications


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Why Partner with OMV NZ?


Top Gladstone Channel Complex

Drape: Chi Angle 0deg

Top Gladstone Channel Complex

Drape: Chi Angle 18deg

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Legal Disclaimer


This presentation is prepared in order to outline our expression of interest. Nothing in this presentation shallbe construed to create any legally binding obligations on any of the parties. Neither party shall be obligated toexecute any agreement or otherwise enter into, complete or affect any transaction in relation to thispresentation.

All figures and information in this presentation are strictly confidential, they are by no means binding and thusindicative only.

© 2019 OMV Exploration & Production GmbH, all rights reserved, no reproduction without our explicit consent.

OMV New Zealand Ltd

Contact : Alan Clare

Exploration & Appraisal Manager

OMV New Zealand Ltd

[email protected]

Alexander Wunderlich

Geoscience Team Lead

OMV New Zealand Ltd

[email protected]

omv new zealand limited - seapex.org · omv new zealand limited is a subsidiary of omv ep, which is...

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