AbstractThe Chatham Rise is located offshore of New Zealand's South Island. Vast areas of the Chatham Rise are covered in circular to elliptical seafloor depressions that appear to be forming through a bathymetrically controlled mechanism, as seafloor depressions 2–5 km in diameter are found in water depths of 800–1100 m. High‐resolution P‐Cable 3D seismic data were acquired in 2013 across one of these depressions. The seafloor depression is interpreted as a mounded contourite. Our data reveal several smaller buried depressions (<20–650 m diameter) beneath the mounded contourite that we interpret as paleo‐pockmarks. These pockmarks are underlain by a complex polygonal fault system that deforms the strata and an unusual conical feature results. We interpret the conical feature as a sediment remobilization structure based on the presence of stratified reflections within the feature, RMS amplitude values and lack of velocity anomaly that would indicate a nonsedimentary origin. The sediment remobilization structure, polygonal faults and paleo‐depressions are the indicators of the past subsurface fluid flow. We hypothesize that the pockmarks provided the necessary topographic roughness for the formation of the mounded contourites thus linking fluid expulsion and the deposition of contouritic drifts.