Fletcher-1 Exploration Well Expected to Spud Soon

Tap Oil says prepartions are underway to spud the Fletcher-1 exploration well in permit WA-191-P offshore Australia in the Carnarvon Basin. The well is located 15 kilometers east of the Mutineer oil production facilities.

The Songa Mercur semisub has been anchored on location and is preparing to commence drilling operations this weekend.

Fletcher-1 will be drilled to a total depth of approximately 3,000 meters measured depth. The well is expected to reach total depth in 13 days. Fletcher-1 is targeting oil in a large structural closure in Cretaceous aged sandstones.

WA-191-P Joint venture participants are Santos Limited as operator with 33.4%; Tap (Shelfal) Pty Ltd with 8.2%; Kufpec Australia with 33.4%; and Nippon Oil Exploration with the remaining 25%.

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