The Albert-1 exploration well is designed to investigate a Flag sandstone closure on the same trend as the existing South Plato and Victoria Oil Fields. The exploration well is expected to take 5 days to reach total depth. If successful, a horizontal development well will be completed in the reservoir such that it can be brought into production immediately.
The Albert-1 well is the first well to be drilled in an intensive drilling campaign of some 20 exploration, appraisal and development wells in the Harriet Joint Venture during 2005.
TL/6 Joint Venture Participants are Apache as operator with 68.5%; Tap Oil with 12.22% and Kufpec Australia with 19.28%.
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