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Tap Oil provides Zephyrus-1 well exploration update


Published Mar 30, 2006
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Tap Oil provides Zephyrus-1 well exploration update-Spotlight

 

Tap Oil Limited (“Tap”) provides the following update on the Zephyrus-1 well operations.

Location

The Zephyrus-1 well is located approximately 2.5km south east of the Agincourt platform at a latitude of 20° 40’ 07.59”S and longitude of 115° 30’ 51.61”.

Progress

The Zephyrus-1 well spudded on 21 March 2006 and is currently at 777m. Due to tropical cyclones Floyd and Glenda the well and rig have been secured with all personnel evacuated.

Tap Comment

The Zephyrus-1 exploration well is being drilled from the existing Agincourt Platform as a deviated well. It is designed to test a four-way dip closed depositional mound. The well is expected to take approximately 15 days to reach total depth. Should it be successful it will be brought onto production immediately via the existing platform into the Varanus Island Production hub.

TL 1,5,6,8,9 Joint Venture Participants:

Tap (Harriet) Pty Ltd 12.2229%
Apache Northwest Pty Ltd 68.5%
Kufpec Australia Pty Ltd 19.2771%




   

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