OMV kicks off production from Maari MR7A well (New Zealand)

Cue Energy has announced that production from the Maari MR7A development well, offshore New Zealand, has been brought on stream, with a provisional initial production rate between 1,500-2,000 barrels of oil per day (bopd).

According to the press release, the optimal production rate will be determined after several weeks of production history, taking into account reservoir management considerations. The Maari field aggregate daily production is now approximately 15,000 bopd.

MR7A production started on May 18, 2015 from the Moki Formation reservoir unit in the Maari Field. The well was drilled horizontally from the Maari Well Head Platform to a total depth of 4,220m, of which approximately 920m was completed in very high net-to-gross, good quality reservoir section as indicated by well log data.

Cue Energy says that based on currently available information the well is anticipated to meet or exceed pre-drill expectations and materially contribute to field production.

The Maari Growth Project offshore Taranaki in New Zealand is being conducted to increase reserves, production, and recovery from the Maari field. Significant undeveloped reserves remain at Maari and Manaia and the additional development will enable extraction of these reserves.

The Ensco 107 rig is now drilling the MR10 well, planned initially as an additional infill producer but later to be converted into a flank water injector, to support continued production from the Moki Formation.

Participants in the PMP 38160 Joint Venture are: Horizon Oil International Ltd (10%); Cue Taranaki Pty Ltd (5%); Todd Maari Ltd (16%); OMV New Zealand Ltd (operator, 69%).

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