Production offshore East Java, and onshore Sumatra 

Mahato PSC:
Cue Energy Resources 12.5%


Sampang PSC:
Cue Energy Resources 15%

New Zealand Oil & Gas has had interests in Indonesia since first gaining exploration acreage there in the early 2010s.

Its interests today are through its 50.04%-owned subsidiary Cue Energy Resources, which has production from two fields.

Mahato, in central Sumatra, entered production in 2021. Sampang, in East Java produces mainly gas.

A discovery on the sampang block Paus Biru prospect is undergoing preliminary FEED studies and the joint venture is targeting FID for early 2022.

Screen Shot 2019 01 14 at 2.39.53 PM

Sampang

2015 Mahato PSC

Mahato

Mahato

2015 Mahato PSC
12.5 % Cue Mahato Pty Ltd (a Cue Energy company)* *

* New Zealand Oil & Gas has a 50.04% interest in Cue Energy

Early exploration
Seismic
Further Evaluation
Drilling
Appraisal
Development
Producing

Project Status: Producing

Permit Overview

The 5,600-square kilometer Mahato PSC is located in the Central Sumatra basin close to several producing oil fields. The Mahato PSC covers a highly prospective area, close to several large producing oil fields. Multiple appraisal and exploration opportunities have been mapped.

 

 


Mahato News

Mahato Exploration Well Update

Posted on 14 October 2021

New Zealand Oil & Gas subsidiary, Cue Energy Resources (ASX:CUE), has provided an update related to the Mahato exploration well.

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Mahato PSC Update – First Revenue Received

Posted on 20 May 2021

New Zealand Oil & Gas subsidiary, Cue Energy Resources (ASX:CUE), has provided an update that first revenue from oil sales from the PB field in the Mahato PSC, Indonesia, has been received by Cue Mahato Pty Ltd. The update release is attached.

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Mahato PSC Update – Development Update

Posted on 28 April 2021


New Zealand Oil & Gas subsidiary, Cue Energy Resources (ASX:CUE), has provided an update that the PB-5 development well in the Mahato PSC has recently been successfully drilled and tested at a gross rate of approximately 1000 barrels of oil per day (bopd).

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Mahato PSC update

Posted on 26 February 2020

New Zealand Oil & Gas subsidiary, Cue Energy Resources (ASX:CUE), has provided an update that it has become aware that a tender has been released for the rental of oil production facility equipment for the Mahato PSC, this is attached.


Cue has a 12.5% interest in the Mahato PSC. New Zealand Oil & Gas has a 50.04% interest in Cue.

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Mahato Exploration Well Update

Posted on 17 December 2019

New Zealand Oil & Gas subsidiary, Cue Energy Resources (ASX:CUE), has provided an update related to the Mahato exploration well, this is attached.
Cue has a 12.5% interest in the Mahato PSC. New Zealand Oil & Gas has a 50.04% interest in Cue.

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Mahato Exploration Well Update

Posted on 10 December 2019

New Zealand Oil & Gas subsidiary, Cue Energy Resources (ASX:CUE), has advised that the PB-1 exploration well has been drilled in the Mahato production sharing contract, onshore central Sumatra, Indonesia.

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