Tap Oil gives update on Manora oil development
Tap Oil Limited (ASX:TAP) provides the following update on the Manora oil development in the Northern Gulf of Thailand (TAP 30% interest).
Mubadala Petroleum, the operator of the Manora joint venture, continues to advise that the development is on schedule for commencement of production in late Q3 2014.
On 7 July, Phase 2 of the Offshore Installation program, the loadout and installation of the platform topsides is effectively complete, with welding of the topsides to the jacket currently in progress. The platform topsides were loaded out from the Sattahip yard on 2 July and transported to the Manora development location for installation. The platform topsides were then successfully installed and secured on the previously installed jacket on 7 July.
Final hook-up and commissioning work will proceed prior to the arrival of the Atwood Orca Jack Up Drilling Rig in mid August to commence drilling the 10 production and five injection wells.
Arrival of the FSO is planned for late July, which will then be connected to the previously installed CALM Buoy and subsea flow lines.
Following completion of the offshore hook-up and commissioning, installation of the FSO, and drilling of the first two production wells, production is expected to commence in late September.
The loadout, transportation and installation of the topsides was completed safely and within budget.