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Tap Oil updates Woollybutt dry docking


Published Jul 7, 2009
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Tap - Woollybutt field

In April 2009, Tap advised that production from the Woollybutt field would be suspended between May and November 2009 to allow the owner of the FPSO Four Vanguard to complete a scheduled and budgeted dry dock. Recent correspondence from the FPSO contractor to field operator Eni Australia Ltd. indicates production will not resume before the end of November. Tap continues to monitor the situation closely.

The above slippage should not significantly impact on Tap achieving its 2009 objectives. Tap benefits from having a portfolio of cash generating assets and a conservative balance sheet.

WA-25- L Joint Venture Participants: Tap West Pty Ltd 15% Eni Australia Ltd (Operator) 65% Mobil Australia Resource Co Pty Ltd 20%

Tags: Tap Oil Limited



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