Horizon Oil has announced that production from the Maari MR6A development well, offshore New Zealand, has been brought on stream, with an initial production rate of approximately 7,800 barrels of oil per day (bopd).
Participants in the PMP 38160 Joint Venture are: Horizon Oil International Ltd (10%); Cue Taranaki Pty Ltd (5%); Todd Maari Ltd (16%); OMV New Zealand Ltd (operator, 69%).
The optimal production rate will be determined after several weeks of production history, taking into account reservoir management considerations. The Maari field is currently producing approximately 14,000 bopd.
Production started on March 21, 2015 from the previously undeveloped Mangahewa Formation reservoir unit in the Maari field. The well was drilled horizontally to a total depth of 4,577 m of which approximately 1,300 m was completed in very high net-to-gross, good quality reservoir section, as indicated by well log data. Based on initial production and currently available information the well is anticipated to meet or exceed pre-drill expectations and materially contribute to field production, the company said in the press release.
The Maari Growth Project offshore Taranaki in New Zealand is being conducted to increase reserves, production, and recovery from the Maari field. Significant undeveloped reserves remain at Maari and Manaia and the additional development will enable extraction of these reserves.
According to Horizon Oil, the Ensco 107 rig is now drilling the MR7A well to provide an additional in-fill producer in the Moki formation.
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