OMV New Zealand Limited SEAPEX Technical & Farmout Forum

Home , Great South Basin, Maari oil field, Maui gas field

OMV New Zealand Limited New Zealand

Taranaki ECBECB SEAPEX Technical & GSBGSB Farmout Forum

Singapore, 2nd April 2019

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OMV New Zealand Ltd Introduction to OMV

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 Ñ Head office: Wellington, Operations base: New Plymouth Taranaki Permits Ñ 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 Ñ OMV New Zealand Ltd is operator of 7 exploration permits in all the major prospective HC basins (Taranaki, East Coast and Canterbury East Coast Permit Great South Basin) Ñ Drilling campaign will commence in Q4 with 2 firm and 2 contingent wells in the Taranaki & Canterbury Great South Basins. Ñ OMV has been exploring in New Zealand since 1999 OMV Exploration Permits (Operated)

Ñ Exploration department of 19 staff in country, supported by specialist OMV Producing Assets (Operated) groups in Head Office. Ñ Experienced operator of seismic surveys and drilling operations, very familiar with the NZ operating environment. Canterbury and Ñ Significant proprietary regional knowledge and databases. Great South Permit Ñ Well-established stakeholder relationships .

2 | OMV New Zealand Ltd, The 2019 SEAPEX Technical & Farmout Forum, 2nd of April 2019 Opportunities to Partner with OMV in New Zealand

Ñ OMV New Zealand Ltd is seeking Ñ Western New Zealand partners to earn a non-operated interest 2018 FARM OUT Ñ Taranaki Basin in three of its exploration permits in New Zealand. . PEP 57075 Cloudy Bay Ñ Gaining entry into these exploration . PEP 60092 Ridgeline blocks offers an opportunity to access a Taranaki Permits balanced non-operated acreage position . PEP 60093 Toutouwai with limited near-term cost exposure and PEP 57075 long-term exploration running room. PEP 57073 . PMP 38154 Pohokura Ñ OMV intends to retain operatorship along PEP 51906 . PML 381012 Maui with 30% - 40% equity in each of these permits. East Coast Permit . PEP 51906 Matuku Ñ OMV is seeking interested parties who . PMP 38160 Maari can bring applicable experience and expertise to work collaboratively with . PEP 60091 Te Whatu OMV and other JV partners. OMV Exploration Permits (Operated) Ñ Eastern New Zealand Ñ 3 successful farm-outs in the last OMV Producing Assets (Operated) three years. Ñ East Coast Basin Ñ Licenses have various long term . PEP 57073 Pegasus commitments ranging from seismic reprocessing to drilling. Canterbury and Ñ Canterbury Great South Great South Permit Ñ The status of work in individual permits . PEP 50119 CGSB varies according to the commitment and time since award; all permits are in good standing.

3 | OMV New Zealand Ltd, The 2019 SEAPEX Technical & Farmout Forum, 2nd of April 2019 Opportunities to Partner with OMV in New Zealand Taranaki Basin

25 km Diverse multi-play portfolio consistent across entire acreage position PEP 57075 PEP 60092 Gross Mean Unrisked Resource 328 mmboe PEP 60092 PEP 57075

(Key Leads only - subset of multi-permit portfolio) PML 38154 PEP 60093 Ñ PEP 57075 Cloudy Bay (OMV Operator 70%, Sapura 30% - 30% available ) covers an area of 1,365 km 2. The permit lies on the major structural and depositional trend that PEP 60093 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.

Ñ PEP 51906 Matuku (OMV Operator 70%, Sapura 30% - 30% available ) PML 381012 covers an area of 806 km 2. 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 PEP 51906 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. PMP 38160

OMV Exploration Permits (Operated)

PEP 60091 OMV Producing Assets (Operated)

4 | OMV New Zealand Ltd, The 2019 SEAPEX Technical & Farmout Forum, 2nd of April 2019 Opportunities to Partner with OMV in New Zealand Taranaki Basin – PEP 57075 (New Seismic)

TAIMANA-1 KANUKA-1

GLADSTONE PROSPECT

no sands penetrated

4-way component (2km2)

2-way component (9km2) thin “ratty” sands penetrated 3-way component (4km2) stratigraphic component (83km2) TAIMANA-1

4-way component (6km2) 4-way component (7km2)

TOP RESERVOIR STRUCTURE MAP (COHERENCE AND RMS DRAPE ) ultimate LCC

5 | OMV New Zealand Ltd, The 2019 SEAPEX Technical & Farmout Forum, 2nd of April 2019 Opportunities to Partner with OMV in New Zealand Taranaki Basin – PEP 57075 (New Seismic)

South GLADSTONE-1 IL1220 North GLADSTONE-1 Gladstone Prospect (Pg 33%) Ñ Low side fault bounded trap GLADSTONE PROSPECT Ñ Paleo pockmarks indicate working 1000 - petroleum system Ñ AVO anomaly conformant to structure Ñ Mean recoverable 164 mmbbl

2000 -

15.5Ma TWT [ms] 3000 -

4000 - 5 km

6 | OMV New Zealand Ltd, The 2019 SEAPEX Technical & Farmout Forum, 2nd of April 2019 Opportunities to Partner with OMV in New Zealand Taranaki Basin – PEP 51906 (New Seismic) Kea-1 RURU-3

Top Lower North Cape ~320m relief with 19km 2

C Sand Gas/Condensate D Sand Gas/Condensate F Sand Oil

Moki Fm Oil C sand SHALLOW Gas CEF – F sand CAPE EGMONT Gas FAULT ZONE DEEP Top Upper North Cape Moki Fm 2 F Sand Dry ~260m relief with 29km CASCADE Upper North Cape KITCHEN Lower North Cape MAUI SUB- C sand CASCADE BASIN CASCADE Dry PROSPECT PROSPECT

Cascade Prospect (Pg 18%) Top Upper North Cape Ñ High side fault bounded trap ~260m relief with 22km 2 Ñ Ruru-3 proved CEFZ sealing potential Ñ all reservoir levels proven in vicinity Ñ Mean recoverable 65 mmbbl TOP BASEMENT STRUCTURE MAP TOP BASEMENT STRUCTURE MAMAPP

7 | OMV New Zealand Ltd, The 2019 SEAPEX Technical & Farmout Forum, 2nd of April 2019 Opportunities to Partner with OMV in New Zealand East 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) Ñ PEP 57073 Pegasus (OMV Operator 70%, Equinor 30% : 30-40% available )

Ñ Covers an area of 9,800 km 2 in the offshore ECB on the east coast of North Island, New Zealand. The ECB has seen a dramatic increased industry interest since 2015.

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

2 25 km Ñ A new MC3D (16,000 km ) 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.

Ñ There are local onshore and offshore oil and gas seeps, and a work programme has been tailored to de-risk the basin.

Ñ Well commitment decision not required until 1st April 2021.

OMV Exploration Permits (Operated)

OMV Producing Assets (Operated)

8 | OMV New Zealand Ltd, The 2019 SEAPEX Technical & Farmout Forum, 2nd of April 2019 Opportunities to Partner with OMV in New Zealand East Coast Basin – Big Picture

Confined ‘ponded’ Slope Narrow shelf width in Very wide shelf in order Unconfined Slope to to Basin Floor Setting order of 10’s of km of 100’s of km Basin Floor Setting

Taranaki East Coast Basin Basin

Present Day Mt Taranaki Shelf Break

Mt Ruhapehu

Present Day Shelf Break Present Day 3D view looking SE

Ñ 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.

9 | OMV New Zealand Ltd, The 2019 SEAPEX Technical & Farmout Forum, 2nd of April 2019 Opportunities to Partner with OMV in New Zealand East Coast Basin – Sediment supply and distribution

Recent Shelf break

Madden Banks Shelf Madden Canyon

Madden Banks

Madden Canyon Trench-Slope Basins

RMS Extraction and Variance drape

10 | OMV New Zealand Ltd, The 2019 SEAPEX Technical & Farmout Forum, 2nd of April 2019 Opportunities to Partner with OMV in New Zealand East Coast Basin – On- and Offshore Oil and Gas Seeps

PEP 57073 1000m

ONSHORE OFFSHORE 0m oil seeps gas seeps thermogenic piston Airbus -5000m core indicators (2015 undiff thermogenic oil slicks OMV survey) and gas seeps

11 | OMV New Zealand Ltd, The 2019 SEAPEX Technical & Farmout Forum, 2nd of April 2019 Opportunities to Partner with OMV in New Zealand East Coast Basin – Prospectivity

BSR StructuralStructural Traps Traps withwith Fluid Fluid IndicationsIndications DEPTH IN METER

Structural Traps Stratigraphic Traps Pre / Syn with Reservoir Pre/Syn Kinematic Indications BoundaryKinematic Indications boundary

12 | OMV New Zealand Ltd, The 2019 SEAPEX Technical & Farmout Forum, 2nd of April 2019 Opportunities to Partner with OMV in New Zealand East Coast Basin – Prospectivity

StructuralStructural TrapsTraps StructuralStructural Traps with amplitude with Fluid with Amplitude Traps with Fluid anomaliesanomaly IndicationsIndications

BSR DEPTH IN METER Sub-ThrustSub-thrust Trapstraps

Pre/SynPre Kinematic/ Syn BoundaryKinematic boundary

13 | OMV New Zealand Ltd, The 2019 SEAPEX Technical & Farmout Forum, 2nd of April 2019 Opportunities to Partner with OMV in New Zealand East Coast Basin – Prospectivity

StructuralStructural Traps BSR Trapswith Fluidwith Fluid IndicationsIndications DEPTH IN METER Pre/SynPre Kinematic/ Syn BoundaryKinematic boundary

14 | OMV New Zealand Ltd, The 2019 SEAPEX Technical & Farmout Forum, 2nd of April 2019 Why Partner with OMV NZ?

Top Gladstone Channel Complex Drape: Chi Angle 0deg

Top Gladstone Channel Complex Drape: Chi Angle 18deg

15 | OMV New Zealand Ltd, The 2019 SEAPEX Technical & Farmout Forum, 2nd of April 2019 Legal Disclaimer

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

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

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