Production Re-Established at Woollybutt Field

The FPSO "Four Vanguard" has completed reconnection to the Woollybutt Oil Field and is currently producing at around 30,000 bopd. The wells will be monitored for the next few days with a view to ramping up. The FPSO returned to the field which is located offshore Australia in permit WA-25-L following installation of a new swivel assembly in Singapore.

After returning the to field on April 28th some additional unexpected delays were experienced in reconnecting to production due to difficulties encountered in gathering the mid-depth mooring buoy into the moonpool of the FPSO. Consequently, production recommenced on May 6th.

Causes of the delays are under investigation to ensure future smooth and quick reconnection.

Joint Venture Participants in WA-25 –L are ENI Australia as operator with 65%; Mobil Australia Resources with 20% and Tap Oil with the remaining 15%.