Production Halted at Woollybutt

Tap Oil reports that the umbilical control line from the FPSO to the Woollybutt-1H well failed, temporarily preventing production from the well. The March 14 failure occurred during regular maintenance operations.

The company, which has 15 percent working interest in the well, said that a remotely operated vehicle has been sourced. The ROV is expected to be on-site in the next few weeks to repair the umbilical. Until then, however, production will be reduced to approximately 5,000 bopd from the Scalybutt-1H and Woollybutt-2H wells. The wells are presently flowing under natural pressure. Before Wollybutt-1 went offline, the overall field rate was approximately 14,000 bopd.

Tap does not expect the event to materially impact production levels from the Woollybutt oil field for the 2006 year. Other participants in the WA-25-L joint-venture include Eni (operator) (65 percent) and ExxonMobil (20 percent).

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