Cue Energy brings New Zealands' Maari MR6A development well online
MELBOURNE -- Cue Energy has initiated production from the Maari MR6A development well, with an initial production rate of approximately 7,800 bopd.
The optimal production rate will be determined after several weeks of production history, taking into account reservoir management considerations. Maari field is currently producing about 14,000 bopd.
Production commenced on March 21 from the previously undeveloped Mangahewa formation reservoir unit in Maari field. The well was drilled horizontally to a total depth of 4,577 m of which approximately 1,300 m was completed in very high net-to-gross, good quality reservoir section, as indicated by well log data.
Based on initial production and 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 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 MR7A well to provide an additional in-fill producer in the Moki formation.
Participants in the PMP 38160 JV are Cue Taranaki Pty Ltd. (5%), Horizon Oil International Ltd. (10%; a subsidiary of Horizon Oil Ltd.), Todd Maari Ltd. (16%), OMV New Zealand Ltd. (69%; operator).
