Maari
Introduction
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. Work to extend field life beyond the current December 2027 permit expiry continued throughout the quarter, including the preparation of licence extension documentation. The Maari JV continues to evaluate and prioritise value-added projects, such as potential production enhancement, cost reduction, and CO2 reduction opportunities
PERMIT SHAREHOLDERS
Joint Venture Parties.
- Cue Energy:5%
- Horizon Oil International Limited:26%
- OMV New Zealand Limited:69%
Maari PMP 38160
