East Coast Basin

OMV operates one offshore permit in Pegasus Basin, offshore Wairarapa. Understanding of this relatively unexplored frontier basin will be increased by the interpretation of the largest ever acquired seismic reflection dataset in New Zealand waters with a total of 15480 sqkm of which OMV New Zealand has licensed 9800 sqkm.
 
Ongoing geological and geophysical studies will support a drilling decision that is expected to be made in 2021.