PEP 51906, PEP 60089 & PEP 60091 (Offshore Taranaki Basin - South)

Farm-In Profile

PEP 51906, PEP 60089 & PEP 60091 (Offshore Taranaki Basin - South)

OMV

OMV New Zealand Ltd (OMV) is seeking partners to earn a participating non-operated interest in seven of its key exploration permits in New Zealand (Figure 1). Four are offered jointly with Mitsui E&P Australia Pty Ltd (MEPAU). OMV intends to retain operatorship along with 30% - 40% equity in each permit. Six permits are in the productive Taranaki Basin & the seventh is in the prospective East Coast Basin. 

Gaining entry into these seven exploration blocks offers a unique opportunity to access a balanced non-operated acreage position with limited near-term exposure and long-term exploration running room.  The Taranaki permits offer near-field & on-trend exploration in a favourable structural and depositional setting. The East Coast permit offers frontier exploration in an under-explored proven petroleum basin with significant acreage holdings by international oil companies. 

Taranaki South – near field 

PEP 51906 Matuku (OMV operated 100%) 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 provided encouraging new exploration insights for the future prospectivity. 

PEP 60089 Aquitaine (OMV Operator 57.14%, MEPAU 42.86%) covers an area of 2,315 km2. The permit was awarded jointly to OMV & MEPAU in the 2015 block offer. The permit lies directly to the east of the OMV operated Maari oil field and hosts the primary source kitchen for the major offshore fields of Maui, Maari & Kupe. Immediately to the NW is the recent oil & gas condensate discovery at Ruru-3. 

PEP 60091 Te Whatu (OMV Operator 57.14%, MEPAU 42.86%) covers an area of 2,242 km2. The permit was awarded jointly to OMV & MEPAU in the 2015 block offer. The permit lies directly to the west of the OMV-operated Maari oil field and south of the Kahurangi source kitchen. It also hosts the Te Whatu source kitchen & contains structural closures on trend with the Maari & Maui fields. This permit includes a drill-ready prospect with modern 3D seismic.  

Contact details:

Process & Contacts
For further information on the farm-in process and discussion on opportunities, please contact:

Simon Lange
Head of Exploration, Development & Production
OMV New Zealand Ltd
simon.lange@omv.com

Tim Allan
Exploration & Appraisal Manager
OMV New Zealand Ltd
tim.allan@omv.com

New Zealand country office:
Level 20, The Majestic Centre
100 Willis Street
Wellington 6011
New Zealand 

Phone:
+64 4 910 2500

 

Farm-In Opportunity

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