Could New Zealands Maui field have an extended life?
23-03-06 The Maui field, which has been the backbone of New Zealand’s oil and gas supply, may now have an extended life beyond 2009. Speaking at the New Zealand Petroleum Conference, OMV New Zealand managing director Steve Hounsell said that OMV and Shell are conducting Maari field development studies. He added that there would be some extended reach drilling linked to this development. Hounsell expressed a degree of confidence that any new gas finds could see the joint venture “operating for some time.” OMV holds 10 % of Maui, with the balance held by the joint venture of Shell (83.7 %) and Todd Energy (6.3 %). Hounsell made the comment while responding to questions following a presentation focused mainly on the offshore Maari field. Maari is projected to produce its first oil in March or April 2008 and be the linchpin for OMV to achieve an equity-based production from Taranaki operations in 2008 of almost 30,000 barrels of oil equivalent per day, exceeding that figure in 2009. Howeve
