West Cycad-2 to be Completed as a Producer

Tap Oil reports that the West Cycad-2, located in Production License TL/9 offshore Australia, is being cased and completed for production. The well has been drilled to its planned total depth and encountered excellent quality Flag Sandstone.

The West Cycad Oil Field was discovered by the West Cycad-1 exploration well in November 2006. The reserves discovered at West Cycad will be recovered via the existing Victoria Oil Platform. Tap estimates the initial well production rate, commencing within the next two weeks via the Varanus Production hub, to add around 4,000 bopd to HJV production.

Harriet Joint Venture participants are Apache Northwest as operator with 68.5%; Tap (Harriet) Pty Ltd with 12.2229% and Kufpec Australia with 19.2771%.

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