Cue Energy brings Maari MR7A development well online

MELBOURNE-- Cue Energy has initiated production from the Maari MR7A development well, with a provisional initial production rate of between 1,500 to 2,000 bopd.

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

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 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 JV are, Cue Taranaki (5%), Horizon Oil International (a subsidiary of Horizon Oil Ltd; 10%), Todd Maari (16%) and OMV New Zealand (Operator; 69%).