Permit Activity
Asset overview
Production commenced in February 2009 from three producing reservoirs to a single wellhead platform adjacent to the Maari field, before connecting to the Floating Production Storage and Offloading (FPSO) vessel, approximately 80 kilometres offshore Taranaki.
The Maari joint venture is working on the Maari Growth Project. Over the 15-month long project, a total of four new production wells were drilled using the Ensco 107 jack-up rig.
The joint venture parties are:
5% Cue Energy*
10% Horizon Oil
69% OMV New Zealand (Operator)
16% Todd Maari
Read More about the Maari Project here
Production
Maari Production: New Zealand Oil & Gas share*
| Financial Year Ended | Oil (bbls) |
| June 19 | 115,823 |
| June 18 | 130,281 |
| June 17 | 152,201 |
| June 16 | 225,777 |
Reserves
Reserves - New Zealand Oil & Gas Share
Remaining Proven and Probable (2P) oil and gas reserves at 30 June 2017
| Reserves Date | Oil & Condensate (million barrels) |
| June 2019 | 0.65 |
| June 2018 | 0.67 |
| June 2017* | 0.82 |
* Includes 100% of Cue’s share.