Tap Oil Plugs, Abandons Craigow-1 Well
Tap Oil Limited will plug and abandon the Craigow-1 exploration well after failing to hit pay. The well reached a total depth of 5,906 feet (1,800 meters), and even though several high-quality sands were intersected in the main Top Aroo Formation objective as prognosed, gathered data has indicated that the sands are not hydrocarbon-bearing.
Plugging and abandonment operations will commence on Craigow-1 and then the rig released. The well is located in the T/47P permit area in the offshore Bass Basin between Victoria and Tasmania. The permit spans 713,146 acres (2,886 square kilometers) and is operated by Tap Oil, holding a 75% interest. The other partner in the permit is Jubilant Energy, holding the remaining interest.SubseaIQ provides focused, in-depth coverage of offshore field development activities around the world, with daily updates on hundreds of offshore fields and facilities. Click here to sign up for the free weekly email newsletter.