OMV completed its Manaia-2/2A appraisal well within Petroleum Mining Permit (PMP) 38160 in the Maari field located 50 miles off the coast of South Taranaki District, New Zealand. The well, drilled to a measured depth of 2891 m, reached its target in the North Cape formation and intersected oil-bearing sands in the Moki and Mangahewa formations. OMV New Zealand (69%) operates PMP 38160 with partners Todd Maari (16%), Horizon Oil International (10%), and Cue Taranaki (5%).