OMV New Zealand operates three mining permits in Taranaki. In addition, OMV New Zealand operates four offshore exploration permits in the Taranaki Basin.
A drilling campaign aimed at growing OMV’s and New Zealand’s reserves through new discoveries was undertaken in 2019/2020. This exploration drilling campaign was supported by the acquisition of the largest seismic survey ever acquired in the Taranaki Basin. All 6,500 sqkm of this dataset has been licensed by OMV New Zealand.
Exploration was interupted by COVID-19 and associated lockdown restrictions. Further appraisal drilling is expected to complete the 19/20 drilling campaign.