Production continues as exploration in New Zealand ends. New Zealand Oil & Gas relinquished its last remaining exploration acreage in New Zealand during 2021.
It retains a 4% participating interest in the Kupe gas and light oil field south of Taranaki, and through Cue Energy Resources in its 5% share of the Maari oil field off Taranaki.
Maari (PMP 38160)
|69 %||OMV New Zealand Limited (Operator)|
|26 %||Horizon Oil International Limited|
|5 %||Cue Energy *|
* Cue’s full interest is shown.
Project Status: Producing
The Maari field was discovered in 1983. It covers an area of 8,402 acres and lies at a water depth of 102 metres. The Maari field development plan was approved in 2005 and the development was started in 2006. Production commenced in February 2009 from three producing reservoirs to a single wellhead platform adjacent to the Maari field, before connecting to the Raroa ll Floating Production Storage and Offloading (FPSO) vessel, approximately 80 kilometres offshore Taranaki.
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