Horizon Oil is pleased to announce that production from the Maari MR6A development well has been brought on stream, with an initial production rate of approximately 7,800 barrels of oil per day (bopd). The optimal production rate will be determined after several weeks of production history, taking into account reservoir management considerations. The Maari field is currently producing approximately 14,000 bopd.
Production commenced on 21 March 2015 from the previously undeveloped Mangahewa Formation reservoir unit in the Maari field. The well was drilled horizontally to a total depth of 4,577 m of which approximately 1,300 m was completed in very high net-to-gross, good quality reservoir section, as indicated by well log data. Based on initial production and currently available information the well is anticipated to meet or exceed pre-drill expectations and materially contribute to field production.
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