Project Profile
Value: unknown
Location: Pegasus Basin, New Zealand
Area: 9,800 sq kms
Reserves: Unknown
Production: Unknown
Depth: 1,000-2,000 metres
Start-up Year:
The permit covers an area of 9,800 sq kms in the East Coast Basin, and sits in water depths of 1,000-2,000 metres. OMV is the operator with 70% working interest and Statoil holds the remaining 30%. The transaction is subject to regulatory approval. The permit is adjacent to permits 57083, 57085 and 57087 which were awarded to Chevron and Statoil in 2014. OMV and Statoil will work together on the exploration programme in PEP 57073. This includes geological and geophysical studies, as well as seismic acquisition over the coming years. The work will provide information necessary to decide, in 2021, if a well commitment should be made in the permit.
Operators:
OMV: Operator with 100% interest
Statoil: 30% interest
Contractors:
Subcontractors: