OMV New Zealand Limited Taranaki ECB
GSB SEAPEX Technical & Farmout Forum
Singapore, 13th April 2018
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2 | OMV New Zealand Limited - The 2018 SEAPEX Technical & Farmout Forum – 13th April 2018 Introduction to OMV
OMV New Zealand Limited is a subsidiary of OMV EP, which is part of the OMV OMV Exploration Permits (Operated) 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 OMV Producing Assets boe/d. (Operated and Non-operated)
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 Taranaki Permits 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. East Coast Permit
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 . Canterbury and Great South Permit
3 | OMV New Zealand Limited - The 2018 SEAPEX Technical & Farmout Forum – 13th April 2018 Opportunities to Partner with OMV in New Zealand OMV New Zealand Ltd intends to seek OMV Exploration Permits (Operated) for partners to earn non-operated OMV Producing Assets (Operated Western New Zealand interest in four of its exploration permits and Non-operated) in New Zealand. Taranaki Basin Gaining entry into these exploration 2018 FARM OUT blocks offers an opportunity to access a ▪ PEP 57075 Cloudy Bay balanced non-operated acreage ▪ PEP 60092 Ridgeline position with limited near-term cost exposure and long-term exploration ▪ PEP 60093 Toutouwai running room. Taranaki Permits ▪ PMP 38154 Pohokura Positions of up to 30% in are available PEP 57075 ▪ PML 381012 Maui in 2 Taranaki Basin permits. And up to PEP 57073 40% in the CGSB and ECB permits. PEP 51906 ▪ PEP 51906 Matuku OMV intends to retain operatorship ▪ PMP 38160 Maari along with 30% - 40% equity in each of East Coast Permit these permits. ▪ PEP 60091 Te Whatu OMV is seeking interested parties who can bring applicable experience and expertise to work collaboratively with Eastern New Zealand OMV and other JV partners. Licences have various commitments East Coast Basin ranging from seismic reprocessing to drilling. PEP 50119 ▪ PEP 57073 Pegasus The status of work in individual permits varies according to the commitment Canterbury Great South Basin and time since award; all permits are in good standing. Canterbury Great South Permit ▪ PEP 50119 CGSB
4 | OMV New Zealand Limited - The 2018 SEAPEX Technical & Farmout Forum – 13th April 2018 Opportunities to Partner with OMV in New Zealand Taranaki Basin
Diverse multi-play portfolio consistent across entire acreage position
Gross Mean Unrisked Resource 1,036 mmboe 25 km PEP 57075 (Key Leads only - subset of multi-permit portfolio) PEP 60092
PEP 57075 Cloudy Bay PML 38154
(OMV Operator 70%, Sapura 30% - 30% available) PEP 60093 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) PML 381012 PEP 51906 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. PMP 38160
OMV Exploration Permits PEP 60091 (Operated) OMV Producing Assets (Operated and Non-Op)
5 | OMV New Zealand Limited - The 2018 SEAPEX Technical & Farmout Forum – 13th April 2018 Opportunities to Partner with OMV in New Zealand Taranaki Basin – PEP 57075 (New Seismic)
South IL1220 North Gladstone channel (~15.5Ma) RMS amplitude (+/-25ms)
Kanuka-1 GLADSTONE 1000 - PROSPECT
GLADSTONE PROSPECT
2000 - ]
15.5Ma 5km
ms TWT [ TWT Taimana-1
3000 - IL1220 4000 - 5 km
6 | OMV New Zealand Limited - The 2018 SEAPEX Technical & Farmout Forum – 13th April 2018 Opportunities to Partner with OMV in New Zealand East Coast Basin
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.
150 km The permit sits atop the primary source kitchen & straddles a mix of shallow to mainly deep-water exploration plays. OMV Exploration Permits (Operated) A new MC3D (16,000 Km2) is currently being processed to unlock the basin. OMV Producing Assets (Operated & Non-Op) 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.
7 | OMV New Zealand Limited - The 2018 SEAPEX Technical & Farmout Forum – 13th April 2018 Opportunities to Partner with OMV in New Zealand East Coast Basin – Big Picture
Confined ‘ponded’ Slope to Narrow shelf width in Very wide shelf in order Unconfined Slope to Basin Floor Setting order of 10’s of km of 100’s of km Basin Floor Setting
Taranaki Basin East Coast Basin
Present Day Mt Taranaki Shelf Break
Mt Ruhapehu
Present Day Shelf Break
Present Day 3D view looking SE
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.
8 | OMV New Zealand Limited - The 2018 SEAPEX Technical & Farmout Forum – 13th April 2018 Opportunities to Partner with OMV in New Zealand Canterbury Great South 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 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 150 km discoveries (estimated discovered volumes in mmboe 170). OMV Exploration Permits (Operated) Proven effective petroleum system. OMV Producing Assets (Operated & Non-Op) Commitment well planned for Q1 2019 – Sirius Prospect and Tawhaki-1 well.
- Deepwater (1318m), shallow TD (2960m MD AHD), vertical PEP 50119 - Gross Mean Unrisked Oil Resource 1,004 mmbbl
9 | OMV New Zealand Limited - The 2018 SEAPEX Technical & Farmout Forum – 13th April 2018 Opportunities to Partner with OMV in New Zealand Canterbury Great South Basin (CGSB)
Basin Area ( ‘000s Km2 ) Number of Exploration Wells
180 160 140 120 100 80 60 40 20 0 GIPPSLAND TARANAKI CGSB
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
10 | OMV New Zealand Limited - The 2018 SEAPEX Technical & Farmout Forum – 13th April 2018 Why partner with OMV NZ?
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.
11 | OMV New Zealand Limited - The 2018 SEAPEX Technical & Farmout Forum – 13th April 2018 OMV in New Zealand, Building an E&P Footprint
Contact : Simon Lange Head of Exploration, Development & Production OMV New Zealand Ltd [email protected] Alan Clare Exploration & Appraisal Manager OMV New Zealand Ltd [email protected]
OMV New Zealand Ltd