Tap Oil Spuds Rugborne-1 Well

Tap Oil reports that the Rugborne-1 exploration well located southeast of Varanus Island offshore Australia was spudded this week. To date, the Rugborne-1 well has drilled to a depth of 65 meters measured depth and will continue to drill ahead to the planned total depth of 1,200 meters measured depth (1,168 meters true vertical depth subsea).

The well schedule originally provided for the drilling of two step out wells (Taunton-4 and Blackthorn-1) to appraise the recently discovered Taunton oil field in TP/7. Following Taunton-4 and Blackthorn-1, the rig was to be mobilized to install the Linda platform on the Linda gas/condensate field in the Harriet Joint Venture acreage.

However, due to the imminent arrival of the Linda platform and some delays in completing Gudrun-2 as a production well, the Operator has decided to bring forward the drilling of the Rugborne-1 exploration well in EP-363 as it is just 15 kilometers away from the Gudrun-2 location and also nearby to the Linda field.

Rugborne-1 is estimated to take around 5 days to drill to its planned depth of around 1,200 meters.

Taunton-4 and Blackthorn-1 in TP/7, some 98 kilometers to the southwest have been re-scheduled to be drilled following completion of the Linda platform installation operations.

The Rugborne prospect is located 8 kilometers south of the Linda gas and condensate field. The well is targeting possible stacked pay zones in interpreted stratigraphic traps on the eastern margin of the Barrow Sub-Basin. If Rugborne-1 is successful, the prospect has the potential to contain approximately 40 mmbbls of recoverable oil.

EP-363 Joint Venture Participants are Tap Oil as operator with 13.6063%; Apache Energy with 73.6037% and Kufpec Australia Pty Ltd with the remaining 12.79%.