Cue Energy Resources Limited · ASX:CUE
Cue Energy Resources — NZ Oil & Gas Conference 2012
19 slides from Cue Energy Resources's conference presentation, Aug 9, 2012
Slide 1: Cue Energy Overview - Maari Presentation
A.B.N. 45 066 383 971 9 August 2012 For personal use only PAGES (including this page): 19 CUE ENERGY OVERVIEW Cue is an Australian based oil & gas Company Announcements Office company with projects in Australia, 10th Floor New Zealand, Indonesia and PNG. 20 Bond Street THE COMPANY HAS: Sydney NSW 20
Slide 2: Maari Development - NZ Oil & Gas Conference
OMV Exploration & Production For personal use only Maari Development NZ Oil & Gas Conference 8th August 2012 Move & More.
Slide 3: Maari - Location
Maari – Location For personal use only The Maari Field is located in exploration permit PMP38160 in the offshore Taranaki Basin, New Zealand, approximately 35km south of the giant Maui gas field and 70km south-west of Opunaki.
Slide 4: Maari - Exploration and Appraisal History
Appraisal well For personal use only confirms Maari Moki Sandstone oil accummulation; Current JV formed. Development Manaia structure deemed sub- Maari-2 appraisal drilling at Maari 10 million barrel discovered commercial well drilled in 2003. commences. milestone at Maari. 1970 1983 1985 1998 1983
Slide 5: Reservoir Intervals
Maari – Reservoir Intervals For personal use only Oil & Gas are recognised in a combination of three clastic reservoirs in two (maybe three) structures: Miocene aged M2A Sands (oil) Miocene aged Moki Formation (oil), Eocene aged Mangahewa Formation (oil & gas)
Slide 6: Moki Reservoir
Maari – Moki Reservoir Maari-2 For personal use only Cycle 1 Cycle 2 Horizontal producers target the Cycle 1 Deviated water injectors are open Sandstone with the exception of MR2 hole completed in the Cycle 2 Lower Lateral that targets the Cycle 2 Sandstone with perforations added Sandstone in a
Slide 7: Installed Infrastructure
Installed Infrastructure For personal use only Jackup Drilling Rig Shuttle tanker FPSO Raroa 12 slot wellhead platform 10 slots used, 2 free Flowlines & umbilicals
Slide 8: Current Facilities
Maari – Current Facilities For personal use only
Slide 9: Moki Development
Maari – Moki Development For personal use only Maari Structure Moki Sandstone (~1300mTVD) Six horizontal oil producers including one dual lateral well giving ~11,000m horizontal section. Three deviated water injector wells
Slide 10: M2A Development
Maari – M2A Development For personal use only Maari Structure M2A Sandstone (~1230mTVD) One horizontal oil producer with ~1,200m horizontal section
Slide 11: Manaia - Mangahewa Development
Manaia – Mangahewa Development For personal use only Manaia Structure Mangahewa Formation (~2000mTVD) One extended reach horizontal oil producer with ~1500m horizontal section. Longest ERD well drilled in New Zealand at 7934mAH
Slide 12: Growth Projects
Growth Projects The goal -- increase production rates and extend the productive life of Maari For personal use only Appraisal Re- Development development 3D seismic acquired this New field development Additional ERD producer year at Maari, currently of the Mangaewa targeting Managewa being processed
Slide 13: Growth Projects - Package
Maari – Growth Projects – Package 1 For personal use only M2A Sst Moki Sst Mangahewa Sst F Sands New Maari Mangahewa Oil Producer (either dual lateral or splitter tree) New Manaia ERD Oil Producer Maari Structure Maari South Manaia Structure Structure
Slide 14: Growth Projects - Side tracks
Maari – Growth Projects – Side tracks For personal use only M2A Sst Moki Sst Mangahewa Sst F Sands Maari Structure Maari Moki Oil Producer Maari South Oil Producer option Maari South Manaia Structure Structure
Slide 15: Growth Projects - Water Injection
Maari – Growth Projects – Water Injection For personal use only M2A Sst Moki Sst Mangahewa Sst F Sands Maari Moki Water Injection improvement Maari Structure Maari South Manaia Structure Structure
Slide 16: Drilling Workflow
Maari – Drilling Workflow For personal use only Work-over Rig Programme Convert MR1 to water Reduce uncertainties on MR2 injector & conduct PLT to production. confirm injectivity along length of well bore Jackup Rig Programme Drill Maari Mangahewa dual lateral producer Reclaim MR7 Reclaim MR8 Reclai
Slide 17: Growth Projects Timeline
Maari – Growth Projects Timeline For personal use only Activity 2013 2014 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Appraisal/exploration drilling Rig Move Maari Mangahewa Manaia Mangahewa Moki Cycle 2 Producer New water injector Additional Maari side track producer
Slide 18: Looking Forward
Maari – Looking Forward Maari has produced We want to build on the For personal use only some 19 MM barrels of pioneering Maari oil so far. development by appraising possible pools developing new pools infilling existing pools and improving the Maari Moki water flood.
Slide 19: For personal use only
For personal use only I would like to thank the Maari Joint Venture for permission to present this Paper.