Maari is a producing conventional oil field located in shallow water in New Zealand and is operated by OMV New Zealand. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block 173E39/32 (PMP 38160), with water depth of 341 feet. Buy the profile here.
Field participation details
The field is owned by Horizon Oil, OG Oil & Gas and OMV.
Production from Maari
The Maari conventional oil field recovered 93.21% of its total recoverable reserves, with peak production in 2010. The peak production was approximately 16.43 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2029. The field currently accounts for approximately 5% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 3.33 Mmboe, comprised of 3.19 Mmbbl of crude oil & condensate and 0.82 bcf of natural gas reserves.
About OMV New Zealand
OMV New Zealand Ltd (OMV NZ), a subsidiary of OMV AG, is an oil and natural gas exploration and production company. It offers upstream production services with offshore oil and gas fields in Maari, Pohokura, and Maui across Taranaki coast, Tunisia and in the Black Sea. The company operates exploration activities with interests in Taranaki Basin, Pegasus Basin, and Great South Basin (GSB). OMV NZ has been in search of additional oil and gas reserves in New Zealand and currently holds interests in nine exploration permits, and in three offshore production licenses or petroleum mining permits. It produces liquid hydrocarbons and natural gas. The company has operations across Europe, the UAE, Australia, and Pakistan. OMV NZ is headquartered in Wellington, New Zealand.
For more details on the Maari Conventional Oil Field, buy the profile here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
