Maari Growth project successfully completed

Maari Growth project successfully completed

Maari Growth drilling campaign completed

Four new wells drilled during 15 month programme

Maari Field production doubled

OMV is pleased to announce the successful completion of the Maari redevelopment project in New Zealand

The Maari Growth drilling campaign is now completed and Maari's field production capacity is expected to double with the last well (MR-10) currently being tied-in to the production network.

Over the 15-month long project, four new wells were drilled with a total of 21,660 m measured length. More than 1.5 million man-hours and over $500 million NZD have been invested in the project. The Maari Growth project was the first development activity to be granted a Marine consent for offshore development drilling after the new EEZ act came into force.

Drilling commenced in April 2014 utilizing the Jack-up rig ENSCO-107 which had undergone an extensive re-fit and full bio security cleaning in Singapore before being brought to New Zealand.

"Redeveloping a producing, mature field is never an easy task,” OMV New Zealand's Managing Director Peter Zeilinger said. "The team has delivered an outstanding safety record with no lost time injury on the platforms. Simultaneous drilling, production and construction activities have been managed efficiently and safely."

The ENSCO-107 drilling rig is currently being prepared to demobilise from the Maari field, with the exact time frame depending on a suitable weather window.

The Maari field is located in a water depth of 100 m, around 80 km off the Taranaki coast of New Zealand. The field was developed by OMV New Zealand as operator of the Maari Joint Venture (JV) and began production in February 2009. It now has a total of 11 wells, a combination of production and water-injection. The new wells all use existing slots of the well-head platform.

Maari’s field production capacity has naturally declined over the last 6 years from its peak of around 40,000 barrels of oil per day to about a quarter of the maximum rates.

ENDS

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