Maari field drilling moves ahead

The Maari Joint Venture has approved drilling of the M2A production well on the Maari field, offshore New Zealand.

Offshore staff

MELBOURNE, Australia -- The Maari Joint Venture has approved drilling of the M2A production well on the Maari field, offshore New Zealand. Drilling is scheduled to begin in late September, following completion of the Manaia-1 appraisal well.

The well will target the M2A reservoir, the Moki Formation, which lies approximately 50 m (164 ft) above the main reservoir at the Maari field. A total of eight wells, five oil production and three water injection wells, are being drilled into the Moki reservoir. The additional M2A well will target a separate oil accumulation that has been assessed to have a potential P50 STOOIP of 43 MMSTB.

The M2A well will be drilled from the Maari platform using the jackup Ensco 107. If producible hydrocarbons are established, the well will be completed and tied into the Maari facilities for subsequent testing and production, according to partner Cue Energy.

The Maari oil field is located in PMP 38160 in the offshore Taranaki basin, New Zealand. It is expected to produce around 50 MMbbl of oil over a 10 to15 year life.

07/10/2009

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