Its ambient yo! :O
And pretty good ambient at that. Reminds me a bit of Solar Fields. It has a good atmosphere and is not shy on the reverb (and i like reverb :D). I also like the stuttery thing in the background. :D i'm sure that if you progress the pad chords a bit further and maybe change key and come out with a crescendo or something you can easily drag this for about another 4 min without losing its appeal. But then again it's your music, so go apeshit. :P As for now it's solid.
Please contact me if you would like to use this in a project. We can discuss the details.