3D Seismic Survey Kicks Off at WA-351-P Permit

Tap Oil Limited has provided the following information for the Aragon Multiclient 3D Seismic Survey in WA-351-P.

Location

The Aragon 3D survey is located in permit WA-351-P within the Exmouth Plateau, approximately 120 kilometers north-northwest of North West Cape and 170 kilometers west of Barrow Island. The survey area of approximately 3,500 km2 will provide 3D coverage of most of WA-351-P. Water depth ranges from approximately 1,000 m to 1,200 m.

Progress

The seismic survey commenced on August 13, 2008 and is being acquired by WesternGeco, a seismic acquisition and processing contractor. A combination of two vessels, the Western Trident and the Geco Searcher will be used for the survey, which is expected to finish early November 2008.

This survey will provide 3D seismic coverage over most of this highly prospective permit, which is located on trend with the giant Io/Jansz gas field and more recent discoveries (Glencoe-1 and Briseis-1) made in the adjacent permit, WA-390-P, immediately to the north. Current mapping on 2D seismic data has identified numerous leads with direct indications of hydrocarbons on the seismic data, giving the permit LNG-scale resource potential. The final 3D data should be available by mid 2009. These data are expected to mature a number of attractive prospects suitable for drilling in 2009-10.

WA-351-P Joint Venture Participants:

  • Tap (Shelfal) Pty Ltd 25.0%
  • BHP Billiton Petroleum (North West Shelf) Pty Ltd (Operator) 55.0%
  • Roc Oil (WA) Pty Ltd 20.0%
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