Maari

Maari/ Manaia Oilfields (PMP 38160)

Cue holds a 5% interest Petroleum Mining Permit (PMP) 38160 which contains the Maari and Manaia producing oilfields, and is located in the Taranaki Basin, approximately 80 km offshore New Zealand.

Production

Oil is produced through a wellhead platform adjacent to the Maari field and connected to the Floating Production Storage and Offtake (FPSO) vessel Raroa, approximately 1.5km from the wellhead platform.

Oil from the field is distributed to nearby refineries via tanker shipments.

An application for the extension of the PMP 381060 (Maari) license was submitted to the New Zealand Government in Q1 FY2025. The Maari JV continues to evaluate and prioritise value-added projects, focusing on potential production enhancement, cost reduction, and opportunities for CO₂ reduction.