Australia's Horizon Oil Ltd. reported Tuesday the successful completion of the Maari Growth Project offshore New Zealand with the final well, MR10, now on production.
The MR10 well has been successfully drilled and completed and, as of July 6, was flowing approximately 2,000 barrels of oil per day (bopd), with daily production of approximately 16,500 bopd. The final flow rate for MR10 will be optimized by the Operator, OMV New Zealand, based on engineering data collected as the well continues to stabilize.
A total of four new production wells were drilled in the Maari Growth Program using the jackup Ensco 107 (400' ILC). The operator of the Maari joint venture anticipates the field’s production capacity to increase to approximately 20,000 bopd with the optimization of production from MR10 and an upcoming 2015 work-over campaign.
The Ensco 107 is being prepared for demobilization from the Maari Field. The Maari joint venture’s work-over unit (WOU) equipment is being prepared for scheduled load out to the wellhead platform in late July. The WOU will be used to carry out maintenance workovers and other activities such as adding perforations to further enhance production. The work-over campaign is scheduled will commence after the demobilization of the Ensco 107.
Participants in the PMP 38160 Joint Venture are:
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