Oil Production Resumes at Maari Field in Taranaki Basin
Activities to re-start the field production commenced Dec. 12 and the Operator has advised that all production wells were back on-line Dec. 17, producing at a combined rate of approximately 11,600 barrels of oil per day (bopd). All wells will be carefully monitored until production stabilises.
The Maari field was shut-in for a period of 145 days, during which time the FPSO Raroa was disconnected from its mooring and towed to Port Nelson where a new production swivel was installed and the on board process facilities and the vessel were refurbished. Whilst the FPSO was off-station, repairs were effected to several of the mooring lines in the field. The FPSO departed from Port Nelson Nov. 18 and was successfully re-connected to its mooring Nov. 20.
Cue estimates its share of the cost of this works programme is approximately $4 million of which a significant portion is expected to be recovered from insurance. The down time has resulted in approximately 42,000 barrels of deferred production net to Cue.
Participating interests in PMP 38160 are as follows:
- Cue Taranaki Pty Ltd: 5 percent
- Horizon Oil International Ltd (a subsidiary of Horizon Oil Ltd): 10 percent
- Todd Maari Ltd: 16 percent
- OMV New Zealand Ltd: 69 percent (Operator)
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