Tap Oil to Commence Seismic Survey Offshore Ghana

In December Tap Oil will commence acquisition of a large 3D seismic survey in the Accra Contract Area, offshore Ghana, after recently identifying additional potential in the deepwater portion of the Accra Block. Interpretation of 2D data has confirmed the potential presence of a significant structural trend and several stratigraphic-structural features similar to those explored elsewhere along the West African transform margin. Tap decided to acquire 3D seismic data instead of acquiring additional 2D seismic data, in order to mature this potential to a drill ready status. Seismic acquisition should take about six weeks, with final processed data scheduled for delivery in mid-2011. The permit is located on the West African Transform Margin, and Tap serves as the operator of the area, holding a 36% interest.

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