Horizon Oil is pleased to announce that production from the Maari MR7A development well has been brought on stream, with a provisional initial production rate between 1,500-2,000 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 aggregate daily production is now approximately 15,000 bopd.
Production commenced on 18 May 2015 from the Moki Formation reservoir unit in the Maari field. The well was drilled horizontally to a total depth of 4,220 m of which approximately 920 m was completed in 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 pre-drill expectations and materially contribute to field production.
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