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
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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 2018 - 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
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 57075 PEP 51906 OMV Exploration Permits (Operated) OMV Producing Assets (Operated and Non-operated) Taranaki Permits PEP 50119 2018 FARM OUT Canterbury Great South Permit PEP 57073 East Coast Permit 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 Basin PEP 50119 CGSB 4 OMV New Zealand Limited - The 2018 SEAPEX Technical & Farmout Forum 13 th 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 (Key Leads only - subset of multi-permit portfolio) 25 km PEP 60092 PEP 57075 PEP 57075 Cloudy Bay PML 38154 (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 60093 PEP 51906 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 51906 PML 381012 PMP 38160 PEP 60091 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
IL1220 TWT [ms] Opportunities to Partner with OMV in New Zealand Taranaki Basin PEP 57075 (New Seismic) South IL1220 North Gladstone channel (~15.5Ma) RMS amplitude (+/-25ms) 1000 - Kanuka-1 GLADSTONE PROSPECT 2000-15.5Ma GLADSTONE PROSPECT 5km 3000 - Taimana-1 4000-5 km 6 OMV New Zealand Limited - The 2018 SEAPEX Technical & Farmout Forum 13 th 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 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 2021. 7 OMV New Zealand Limited - The 2018 SEAPEX Technical & Farmout Forum 13 th April 2018
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
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 50119 150 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 Q1 2019 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
Opportunities to Partner with OMV in New Zealand Canterbury Great South Basin (CGSB) Basin Area ( 000s Km 2 ) 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 13 th 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 13 th April 2018
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