The Austrian and Japanese companies have in joint venture been awarded four offshore exploration blocks in the Taranaki basin, which is familiar territory for them both.
All four permits have a 12-year duration, and the committed work programmes include studies and seismic reprocessing.
OMV is one of New Zealand's leading offshore explorers and producers, with interests in the Maari oilfield, the Maui gas field and the Pohokura gas field.
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