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 joint venture parties are:

5% Cue Energy,
26% Horizon Oil,
69% OMV

Read More about the Maari Project here

Production

Maari Production: New Zealand Oil & Gas share*

Financial Year EndedOil (bbls)
June 20 108,932
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 2020

 

Reserves Date Oil & Condensate (million barrels)
June 20 0.55
June 2019 0.65
June 2018 0.67
June 2017* 0.82

* Includes 100% of Cue’s share.