Harriet JV Resumes Oil Production after Varanus Island Incident

Oil production has re-commenced at the Harriet Joint Venture from two wells at a combined rate of approximately 2,500 BOPD gross. This is the first oil production from Harriet Joint Venture since the Varanus Island incident on June 3 and is the first phase of returning the facilities to pre-incident production.

First gas production from Harriet Joint Venture is anticipated to resume in late November followed by the majority of the remaining Harriet Joint Venture oil fields expected to be brought on line prior to year end.

Harriet Joint Venture Participants:

  • Tap (Harriet) Pty Ltd 12.2229%
  • Apache Northwest Pty Ltd (Operator) 68.5%
  • Kufpec Australia Pty Ltd 19.2771%
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Brent Crude Oil : $48.06/BBL 2.51%
Light Crude Oil : $45.77/BBL 2.17%
Natural Gas : $2.97/MMBtu 2.30%
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