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.
Mahato
| 12.5 % | Cue Mahato Pty Ltd (a Cue Energy company)* * |
* New Zealand Oil & Gas has a 50.04% interest in Cue Energy
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 Psc Update – Pb-07 Production Well Online
New Zealand Oil & Gas subsidiary, Cue Energy Resources (ASX:CUE), has provided an update that oil production well PB-07 in the Mahato PSC, Indonesia, has been successfully drilled and completed and is producing approximately 650 barrels of oil per day (bopd).
Mahato Exploration Well Update
New Zealand Oil & Gas subsidiary, Cue Energy Resources (ASX:CUE), has provided an update related to the Mahato exploration well.
Mahato PSC Update – First Revenue Received
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.
Mahato PSC Update – Development Update
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).
Mahato PSC update
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.
Mahato Exploration Well Update
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.
Mahato Exploration Well Update
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.