Tap Oil awarded two blocks offshore Australia
PERTH, Australia -- Tap Oil Limited has been awarded 100% of Blocks W14-7 and W14-16 in the prospective Barrow and Dampier sub-basins on Australia’s North West Shelf.
W14-07, now Petroleum Exploration Permit WA-515-P, is located on the Rankin Platform in water depths ranging from less than 100 m to 400 m and covers an area of approximately 485 km2. The permit lies between the Wheatstone gas field to the west and the Goodwyn/Perseus gas fields to the east.
W14-16, now Petroleum Exploration Permit WA-516-P, is located to the east of the Alpha Arch on the western flank of the Barrow sub-basin and is adjacent to other Tap held acreage. The permit is in water depths of between 50 m to 200 m and covers an area of approximately 160 km2. The permit lies between the Griffin, Chinook/Scindian fields and the Woollybutt oil field.
Tap has agreed to a three-year work program comprising of reprocessing open file 3D seismic or licensing existing multi-client reprocessed 3D data, Quantitative Interpretation studies and G&G studies. Each three-year work program runs from March 6, 2015, through to March 5, 2018.
The optional secondary work program comprises 3D seismic acquisition in Year 4 and a well in Year 6.
