Tap Oil Awarded New Permit Offshore Taranaki Basin

Pohokura Field
(Click to Enlarge)
Tap Oil has been awarded 30% interest in exploration permit PEP 38496 in the Offshore Taranaki Basin in New Zealand. PEP 38496 is around 500 square kilometers in area and located in the Offshore Taranaki Basin, immediately north of the Pohokura Gas Field.

PEP 38496 complements Tap's existing 3 offshore permits in New Zealand and has potential for significant hydrocarbon accumulations. The joint venture will immediately reprocess existing seismic data to delineate drillable prospects in this prospective offshore Taranaki Basin permit.

PEP 38496 Joint Venture participants are Tap (New Zealand) Pty Ltd as operator with 30% and Finder Exploration Pty Ltd with 70%.

For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit www.riglogix.com.

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Project Manager, Oil and Gas
Expertise: Petroleum Engineering|Project Management
Location: West Chicago, IL
Business Development Manager
Expertise: Business Development|Construction Manager
Location: Portland, OR
Business Development Manager
Expertise: Business Development|Construction Manager
Location: Denver, CO
search for more jobs

Brent Crude Oil : $51.46/BBL 0.61%
Light Crude Oil : $50.52/BBL 0.64%
Natural Gas : $2.83/MMBtu 5.35%
Updated in last 24 hours