Project Profile
Value: Undisclosed
Location: between the Wheatstone gas field to the west and the Goodwyn/Perseus gas fields to the east, Dampier sub-basin, Rankin Platform, North West Shelf, Australia
Reserves: unknown
Area: approximately 485 km2
Depth: from less than 100 metres to 400 metres
Start-up Year: -
Tap Oil Limited has been awarded 100% of Block W14-7 in the prospective Dampier sub-basins on the North West Shelf offered under the 2014 Offshore Petroleum Exploration Acreage Release. W14-07, now Petroleum Exploration Permit WA-515-P, is located on the Rankin Platform in water depths ranging from less than 100 metres to 400 metres and covers an area of approximately 485km2 (6 graticular blocks). The permit lies between the Wheatstone gas field to the west and the Goodwyn/Perseus gas fields to the east. 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 (at an indicated estimated expenditure of approximately US$0.8). Each three year work program runs from 6 March 2015 through to 5 March 2018. The majority of these funds are anticipated being spent from 2016 onwards. The optional secondary work program comprises 3D seismic acquisition in Year 4 and a well in Year 6.
Operators:
Tap Oil Limited: Operator with 100% interest