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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
OMV New Zealand Ltd, The 2019 SEAPEX Technical & Farmout Forum, 2nd of April 20193
� 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
OMV Exploration Permits (Operated)
OMV Producing Assets (Operated)
PEP 57075
PEP 51906
PEP 57073
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Opportunities to Partner with OMV in New ZealandTaranaki Basin
OMV New Zealand Ltd, The 2019 SEAPEX Technical & Farmout Forum, 2nd of April 20194
PEP 60093
PEP 60092
PEP 57075
PML 38154
PML 381012
PMP 38160
PEP 51906
PEP 57075
25 km
OMV Exploration Permits (Operated)
OMV Producing Assets (Operated)
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)
OMV New Zealand Ltd, The 2019 SEAPEX Technical & Farmout Forum, 2nd of April 20195
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)
2-way component (9km2)
4-way component (6km2)
4-way component (7km2)
ultimate LCC
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Opportunities to Partner with OMV in New ZealandTaranaki Basin – PEP 57075 (New Seismic)
OMV New Zealand Ltd, The 2019 SEAPEX Technical & Farmout Forum, 2nd of April 20196
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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Opportunities to Partner with OMV in New ZealandTaranaki Basin – PEP 51906 (New Seismic)
OMV New Zealand Ltd, The 2019 SEAPEX Technical & Farmout Forum, 2nd of April 20197
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
OMV New Zealand Ltd, The 2019 SEAPEX Technical & Farmout Forum, 2nd of April 20198
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.
OMV Exploration Permits (Operated)
OMV Producing Assets (Operated)
25 km
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Opportunities to Partner with OMV in New ZealandEast Coast Basin – Big Picture
OMV New Zealand Ltd, The 2019 SEAPEX Technical & Farmout Forum, 2nd of April 20199
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
OMV New Zealand Ltd, The 2019 SEAPEX Technical & Farmout Forum, 2nd of April 201910
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
OMV New Zealand Ltd, The 2019 SEAPEX Technical & Farmout Forum, 2nd of April 201911
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
OMV New Zealand Ltd, The 2019 SEAPEX Technical & Farmout Forum, 2nd of April 201912
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
Structural Traps with Fluid
Indications
Pre / SynKinematic boundary
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Opportunities to Partner with OMV in New ZealandEast Coast Basin – Prospectivity
OMV New Zealand Ltd, The 2019 SEAPEX Technical & Farmout Forum, 2nd of April 201913
Structural Traps with Fluid
Indications
Pre/Syn Kinematic Boundary
Structural Traps with Amplitude
anomaly
DE
PT
H
IN
M
ET
ER
BSR
Sub-Thrust Traps
+
-
Structural Traps with Fluid
Indications
Structural Traps with amplitude
anomalies
Pre / SynKinematic boundary
Sub-thrust traps
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Opportunities to Partner with OMV in New ZealandEast Coast Basin – Prospectivity
OMV New Zealand Ltd, The 2019 SEAPEX Technical & Farmout Forum, 2nd of April 201914
Pre/Syn Kinematic Boundary
Structural Traps with Fluid
Indications
DE
PT
H
IN
M
ET
ER
BSR
+
-
Structural Traps with Fluid
Indications
Pre / SynKinematic boundary
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Why Partner with OMV NZ?
OMV New Zealand Ltd, The 2019 SEAPEX Technical & Farmout Forum, 2nd of April 201915
Top Gladstone Channel Complex
Drape: Chi Angle 0deg
Top Gladstone Channel Complex
Drape: Chi Angle 18deg
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Legal Disclaimer
OMV New Zealand Ltd, The 2019 SEAPEX Technical & Farmout Forum, 2nd of April 201916
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
Alexander Wunderlich
Geoscience Team Lead
OMV New Zealand Ltd