Tap Oil provides Manora Oil Development drilling update
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, Operator of the Manora Oil Development joint venture, has advised that drilling of the MNA-07 and MNA-08 development wells has now commenced and the MNA-05 well has been completed.
Platform commissioning at Manora is well underway with hook up and commissioning nearing completion. Mubadala Petroleum has advised production is expected to commence by mid November
The Manora A platform is located within the Gulf of Thailand in 46 metres of water. The development drilling program calls for drilling and completion of 15 wells (10 producers and 5 injectors), with the program expected to take until the end of Q1 2015
Tap has 2P reserves of 6.1 mmbbls (20.2 mmbbls gross) and 2C contingent resources of 3.2 mmbbls (10.9 mmbbls gross) booked for Manora (ASX release 27 October 2011). Tap will review these reserves and contingent resources following development drilling and production performance
Tap will make scheduled announcements upon commencement of drilling and completion of each well or each batch
Source: Tap Oil