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OMV Successfully Completes 3D Seismic Survey at PEP 51906 in NZ

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Octanex N.L., an Australian exploration company, announced Thursday that it has been advised by OMV New Zealand Limited, the Operator of the offshore Taranaki Basin permit PEP 51906 (Permit), that the new Kaka 3D seismic survey has been successfully acquired within and adjacent to the Permit.

The survey commenced Jan. 7, with acquisition of the new data completed Jan. 18. The acquisition vessel has now demobilized from the survey area.

The Kaka survey acquired 156 square miles (403.8 square kilometers) of new 3D seismic data from within and adjacent to PEP 51906.

Additional to the new 3D data acquired within the Kaka polygon, a further 26 square miles (67.4 square kilometers) of 3D tie lines were acquired as part of the overall survey. The more northerly swath extends the survey to both tie the new data to the Matuku 3D survey (acquired in the Permit in 2011) and provide continuous data over the Kahurangi Trough depocenter.

The central and southerly swaths acquired new data over the Torea and Kararo Leads.

These swaths will  facilitate the tie of the new data and the Matuku-1 well information to the vintage Hector 3D survey that was previously acquired in the adjoining permit, PEP 53537. The Company and OMV are in a joint venture to explore the PEP 53537 permit.

The survey area is situated on a north-east structural trend between the Maui oil and gas field and the Maari and Manaia oil fields. The objective of the survey is to enable more precise mapping of prospective oil plays in the Palaeocene Farewell Formation and Eocene Mangahewa Formation.


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