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History in New Zealand

1999  –  Acquires 30% of Maari oil field.

2002  –  Acquires 10% of Maui gas field. Increases Maari share to 69%, becomes operator.

2003  –  Acquires 26% of Pohokura gas field.

2004  –  Approval given to invest in Pohokura.

2005  –  Approval given to invest in Maari development.

2007    Secures Great South Basin (GSB) exploration permits.

2008   Maari drilling programme begins. Maari wellhead platform and FPSO Raroa arrive.

2009  –  Maari First Oil, longest ever NZ well drilled to reach an oil reservoir adjacent to the Maari field.

2010  –  Maari reaches 10 million barrel milestone. Acquires additional seismic in the GSB.

2011    Secures two additional Taranaki Basin exploration permits.

2012  –  GSB 3D seismic programme completed. Maari reaches 20 million barrel milestone. Additional permits in Taranaki and GSB.

2013  – Drilling of Matuku-1 exploration well and Manaia-2 appraisal well with the KT IV Semisubmersible drilling rig.  Purchase of the FPSO Raroa by the Maari JV. Mooring repair & Refurbishment of the Raroa in Port Nelson.

2014  –  Start of Maari Growth Re-development drilling campaign utilizing the jackup ENSCO 107. Acquired Kaka 3D and Mohua 2D seismic. Awarded two operated exploration permits, one in Pegasus Basin and one in Taranaki Basin.

2015  – Completed Maari Growth Campaign. Awarded four exploration permits in Taranaki Basin.

2016  –  Maari Field produced 30 mn barrels of oil.

2017 – Maari Field produces 35 mn barrels of oil.