Cue Energy has started production from the Maari MR7A development well located offshore Taranaki, New Zealand.

The well had a provisional initial production rate ranging between 1,500-2,000 barrels of oil per day (bopd).

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According to the company, by taking into account reservoir management considerations, the optimal production rate would be determined after reviewing production history.

At present, the Maari field has an aggregate daily production of about 15,000bopd.

"At present, the Maari field has an aggregate daily production of about 15,000bopd."

Production at MR7A well started on 18 May 2015 from the Moki Formation reservoir unit in the Maari Field and was drilled horizontally from the Maari Well Head Platform to a total depth of 4,220m.

Approximately 920m was completed in very high net-to-gross, good quality reservoir section.

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Expected to meet or exceed pre-drill expectations, the well will materially contribute to field production, based on information that is available.

Cue Energy is conducting the Maari Growth Project in a bid to maximise reserves, production, and recovery from the field.

Significant undeveloped reserves remain at Maari and Manaia and the additional development will enable extraction of these reserves.

At present, the Ensco 107 rig is drilling the MR10 well.

Participants in the PMP 38160 joint venture include Cue Taranaki with 5% interest, Horizon Oil International (10%), Todd Maari (16%), and OMV New Zealand (operator) with 69% interest.