New Zealand: MN1 Offshore Well Restarts Oil Production After Year-Long Shutdown

Monday, June 5, 2023

The MN1 oil production well at the OMV-operated Maari/Manaia field offshore New Zealand has restarted production after having been offline since May 2022.

Cue Energy, a partner in the Maari Joint venture, on Friday, announced the successful repair of the well, which had been offline since May 2022, for the installation of a new Electric Submersible Pump (ESP).

"The well is now operational again, with the latest test data indicating production of approximately 800 barrels of oil per day (bopd)," Cue said.

Oil is produced through a wellhead platform adjacent to the Maari field and connected to the Floating Production Storage and Offtake (FPSO) vessel Raroa.

Cue holds a 5% interest in Petroleum Mining Permit (PMP) 38160 which contains the Maari and Manaia producing oilfields, and is located in the Taranaki Basin, approximately 80 km offshore New Zealand.

Field gross production is now over 5,000 bopd.

Cue CEO Matthew Boyall said: “We are excited to see the MN1 well operating again, resulting in the Maari field’s oil production exceeding 5,000 barrels per day. Concurrently, we are actively pursuing production optimization projects in the field, including the conversion of the MR2 well into a permanent water injection well, which is in the final planning stages. These advancements, coupled with ongoing development drilling in the Mahato PSC, are anticipated to contribute to Cue’s continued production and revenue growth.”

The Maari Joint Venture participants are OMV New Zealand 69%, Horizon Oil 26%, and Cue Energy 5%.

Categories: Energy Activity Production Floating Production Australia/NZ

Related Stories

Synergy Marine Group Completes Conversion of LNG Vessel to FSRU

Technip Energies Gets FEED Job for Inpex’ Abadi LNG Project in Indonesia

Saipem Wins FEED Contract For Abadi LNG Project FPSO Module In Indonesia

Inpex Kicks Off FEED Work for Abadi LNG Scheme Offshore Indonesia

CNOOC Brings New Offshore Gas Field On Stream

CNOOC Finds Oil and Gas in South China Sea

Seatrium Makes First Turnkey FPSO Delivery to Petrobras

Four Jack-Up Drilling Rig Deals Set to Bring In $129M for Borr Drilling

Fugro Expands Geotechnical Testing Capabilities in Indonesia

Fugro Lands Deepwater Gas Field Job in Southeast Asia

Current News

MODEC Ramps Up Hammerhead FPSO Work After ExxonMobil's Go-Ahead

Aesen, DOC JV Targets Subsea Cable Logistics

Timor Gap Boosts Stake in Finder Energy’s Timor-Leste Oil Fields

SBM Offshore Starts Construction of FSO for Trion Oil Field off Mexico

Russia Targets 2028 for Sakhalin-3 Gas Project Start Up

Seatrium Secures ABS Backing for Deepwater FPSO Design

MDL Secures Cable Laying Job in Asia Pacific

Hibiscus Petroleum Starts Drilling at Teal West Field off UK

Yinson Production Nets DNV Approval for New FPSO Hull Design

Hanwha Ocean's Tidal Action Drillship Starts Maiden Job with Petrobras

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com