PEP 57075, PEP 60092 & PEP 60093 (Offshore Taranaki Basin - North)

Farm-In Profile

PEP 57075, PEP 60092 & PEP 60093 (Offshore Taranaki Basin - North)

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 North

PEP 57075 Cloudy Bay (OMV operated 100%) 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. OMV acquired 1,015 km2 of 3D seismic in December 2016.

PEP 60092 Ridgeline (OMV Operator 57.14%, MEPAU 42.86%) covers an area of 2,364 km2. The permit was awarded jointly to OMV & MEPAU in the 2015 block offer. The permit lies on the major structural trend with the Maui & Tui fields to the south and is fed by the proven northern Taranaki source kitchen to the east, source of the Pohokura Gas Field.

PEP 60093 Toutouwai (OMV Operator 57.14%, MEPAU 42.86%) covers an area of 2,136 km2. The permit was awarded jointly to OMV & MEPAU in the 2015 block offer. The permit lies immediately to the north of the Tui & Maui fields and has a number of closures directly on trend from these oil and gas accumulations. 

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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