OMV New Zealand Limited SEAPEX Technical & Farmout Forum

Transcription

1 OMV New Zealand Limited SEAPEX Technical & Farmout Forum Taranaki GSB New Zealand ECB Singapore, 13 th April 2018 NWS Australia Middle East SE Asia Northern Europe NWS Arabian Iranian Zagros Gulf of Thailand Sumartra Natuna Faroes North Sea Kutei Vienna OMV New Zealand Ltd

2 Legal Disclaimer This document does not constitute a recommendation, an offer or invitation, or solicitation of an offer, to subscribe for or purchase any securities and neither this document nor anything contained herein shall form the basis of any contract, investment decisions or commitment whatsoever. This document does not include any financial analysis or financial research and may not be construed to be a or form part of a prospectus. It is being furnished to you solely for your information. This document and its contents are proprietary to OMV Aktiengesellschaft ( the Company ) and neither this document nor any part of it may be reproduced or redistributed to any other person. It may be amended and supplemented. No reliance may be placed for any purpose whatsoever on the information contained in this document, or any other material discussed verbally, or on its completeness, accuracy or fairness. None of the Company, connected persons, their respective affiliates, or any other person accepts any liability whatsoever for any loss or damage howsoever arising, directly or indirectly, from any use of this document or its contents. The information and opinions contained herein are provided as at the date of this document. This document is not directed at, or intended for distribution to or use by, any person or entity that is a citizen or resident or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction. In particular, no recipient of this document or any copy or part hereof shall reproduce, forward, retransmit or otherwise redistribute this document or any copy or part hereof, directly or indirectly, in or into the United States, Canada, Japan or Australia. This document includes forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933 and section 21E of the U.S. Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts included in this document, including, without limitation, those regarding the Company s financial position, business strategy, plans, and objectives of management for future operations (including development plans and objectives relating to the Company s products), are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding the Company s present and future business strategies and the environment in which the Company will operate in the future and speak only as of the date of this document. None of the future projections, expectations, estimates or prospects in this document should in particular be taken as forecasts or promises nor should they be taken as implying any indication, assurance or guarantee that the assumptions on which such future projections, expectations, estimates or prospects have been prepared or the information and statements contained herein are accurate or complete. As a result of these risks, uncertainties and assumptions, you should in particular not place reliance on these forward-looking statements as a prediction of actual results or otherwise. This document does not purport to contain all information that may be necessary in respect of the Company or its shares and in any event each person receiving this document needs to make an independent assessment. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any statements including any forward-looking statements contained herein to reflect any change in the Company s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based OMV Aktiengesellschaft, all rights reserved, no reproduction without our explicit consent. 2 OMV New Zealand Limited - The 2018 SEAPEX Technical & Farmout Forum 13 th April 2018

3 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 2017 average global daily oil & gas production of OMV EP was approximately 348,000 boe/d. OMV Exploration Permits (Operated) OMV Producing Assets (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. 15 th March OMV acquired Shell s Upstream business in New Zealand 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. Taranaki Permits 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 13 th April 2018

4 Opportunities to Partner with OMV in New Zealand OMV New Zealand Ltd intends to seek for partners to earn non-operated interest in four 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. Positions of up to 30% in are available in 2 Taranaki Basin permits. And up to 40% in the CGSB and ECB permits. 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. Licences have various 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. PEP PEP OMV Exploration Permits (Operated) OMV Producing Assets (Operated and Non-operated) Taranaki Permits PEP FARM OUT Canterbury Great South Permit PEP East Coast Permit Western New Zealand Taranaki Basin PEP Cloudy Bay PEP Ridgeline PEP Toutouwai PMP Pohokura PML Maui PEP Matuku PMP Maari PEP Te Whatu Eastern New Zealand East Coast Basin PEP Pegasus Canterbury Great South Basin PEP CGSB 4 OMV New Zealand Limited - The 2018 SEAPEX Technical & Farmout Forum 13 th April 2018

5 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 (Key Leads only - subset of multi-permit portfolio) 25 km PEP PEP PEP Cloudy Bay PML (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. PEP PEP Matuku (OMV Operator 70%, Sapura 30% - 30% available) 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 in 2014 provide encouraging new exploration insights for the future prospectivity. PEP PML PMP PEP OMV Exploration Permits (Operated) OMV Producing Assets (Operated and Non-Op) 5 OMV New Zealand Limited - The 2018 SEAPEX Technical & Farmout Forum 13 th April 2018

6 IL1220 TWT [ms] Opportunities to Partner with OMV in New Zealand Taranaki Basin PEP (New Seismic) South IL1220 North Gladstone channel (~15.5Ma) RMS amplitude (+/-25ms) Kanuka-1 GLADSTONE PROSPECT Ma GLADSTONE PROSPECT 5km Taimana km 6 OMV New Zealand Limited - The 2018 SEAPEX Technical & Farmout Forum 13 th April 2018

7 Opportunities to Partner with OMV in New Zealand East Coast Basin PEP 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 Cloudy Bay (OMV Operator 70%, Statoil 30% % 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 km OMV Exploration Permits (Operated) OMV Producing Assets (Operated & Non-Op) The permit sits atop the primary source kitchen & straddles a mix of shallow to mainly deep-water exploration plays. A new MC3D (16,000 Km2) is currently being processed to unlock the basin. 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 OMV New Zealand Limited - The 2018 SEAPEX Technical & Farmout Forum 13 th April 2018

8 Opportunities to Partner with OMV in New Zealand East Coast Basin Big Picture Confined ponded Slope to Basin Floor Setting Narrow shelf width in order of 10 s of km Very wide shelf in order of 100 s of km Unconfined Slope to Basin Floor Setting East Coast Basin Taranaki Basin Mt Taranaki Present Day 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 13 th April 2018

9 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. PEP km OMV Exploration Permits (Operated) OMV Producing Assets (Operated & Non-Op) 14 wells drilled so far, 10 wells encountered hydrocarbons, four sub-commercial discoveries (estimated discovered volumes in mmboe 170). Proven effective petroleum system. Commitment well planned for Q Sirius Prospect and Tawhaki-1 well. - Deepwater (1318m), shallow TD (2960m MD AHD), vertical - Gross Mean Unrisked Oil Resource 1,004 mmbbl 9 OMV New Zealand Limited - The 2018 SEAPEX Technical & Farmout Forum 13 th April 2018

10 Opportunities to Partner with OMV in New Zealand Canterbury Great South Basin (CGSB) Basin Area ( 000s Km 2 ) Number of Exploration Wells 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 13 th April 2018

11 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 13 th April 2018

12 OMV in New Zealand, Building an E&P Footprint Contact : Simon Lange Head of Exploration, Development & Production OMV New Zealand Ltd simon.lange@omv.com Alan Clare Exploration & Appraisal Manager OMV New Zealand Ltd alan.clare@omv.com OMV New Zealand Ltd