Finance & Investing
News Services
Newsletters
Get free industry updates via email.
Daily News
Weekly News
Equipment Updates
Weekly Job Register
Monthly Event Guide
Our privacy
pledge.


advertisement

OMV New Zealand Contracts Jackup ENSCO 107 to Drill at Maari

change text size

Cue Energy Resources revealed Monday that the jackup, ENSCO 107, has been contracted by OMV New Zealand, the operator of the Maari joint venture, to complete a planned multi-well drilling campaign at the Maari Field.

"Significant undeveloped reserves remain at Maari and Manaia and additional drilling and enhancement of the water injection system will provide for the extraction of these reserves and increase production rates," Cue said in a statement.

The rig is expected to arrive on site in the offshore Taranaki Basin in the fourth quarter of this year, with the exact start date of drilling operations dependent on when the rig is available following its prior assignment. The Maari programme is expected to last nine months with the option to extend.

The multi-well programme at Maari will run in parallel to a drilling programme using the semi- submersible rig Kan Tan IV that was announced late last year. That programme includes a Manaia appraisal well and an exploration well on the Whio prospect in permit PEP 51313. Under the terms of a farm-in agreement concluded in November 2012, OMV will fully carry Cue through the drilling, evaluation and completion of the Whio well. If successful this well will also be produced through the Maari facilities.

Participants in PMP 38160 are: Cue Taranaki (5%), Horizon Oil International (10%), Todd Maari (16%) and OMV New Zealand (69%).

WHAT DO YOU THINK?

Post a Comment Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit www.riglogix.com.

Most Popular Articles
From the Career Center
Jobs that may interest you
Field Service Technician (ALS)
Expertise: Field Service Tech
Location: Dickinson, ND
 
Well Test Assistant Supervisor
Expertise: Well Servicing & Testing
Location: Minot, ND
 
Formation Reservoir Solutions - Consultant I - Production Engineering
Expertise: Geologist, Production Engineering
Location: Houston, TX
 
search for more jobs