Project Profile
Value: Undisclosed
Location: east of the Alpha Arch on the western flank of the Barrow sub-basin, North West Shelf, Australia
Reserves: unknown
Area: approximately 160 km2
Depth: between 50 metres to 200 metres
Start-up Year: -
Tap Oil Limited has been awarded 100% of Block W14-16 on the North West Shelf offered under the 2014 Offshore Petroleum Exploration Acreage Release. 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 metres to 200 metres and covers an area of approximately 160km2 (2 graticular blocks) (Figure 2). 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 (at an indicated estimated expenditure of approximately US$0.8 million). 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