Austrian oil and gas company OMV has unveiled plans for the development of the Maari and Manaia oilfields in New Zealand’s offshore Taranaki Basin.

Joint venture partner Cue Energy Resources said that a new 3D seismic survey will be carried out over the Maari, Manaia and Maari South fields in PMP 38160, which will be extended to cover the Pike prospect in PEP 51313 during the first half of 2012.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The joint venture will also drill two firm and one contingent appraisal wells during the 2012/13 drilling season. The first well will be on the Manaia structure to evaluate a discovered but unappraised accumulation in the Moki sands.

Measures will also be carried out on how the current production well is draining in the Mangahewa accumulation, and an assessment will be made to see if there is a commercial quantity of oil recoverable from the deeper F-Sands.

The second appraisal well will be drilled on Maari South to confirm the reservoir quality and the size of the structure, while the third well will be based on new seismic interpretation. OMV will also implement initiatives to improve the performance of electronic submersible pumps at the Maari field for 2012, including the regular washing of pumps with acid to remove scale, and a better motor design.

See Also:

Last year, the failure of electronic submersible pumps was named as one of the main reasons for the lower-than-expected output from the Maari field.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

OMV is the main operator of PEP 51313 with a 69% stake, while partner Cue holds 5%, Todd Energy 16% and Horizon Oil 10%.