Totem-1 Spudded in the Carnarvon Basin

Tap Oil reports that the Totem-1 well spud on July 26, 2007. The well is located in exploration permit WA-191-P, approximately 4 kilometers northeast of the Amulet oil discovery. Totem-1 should reached its programmed total depth of approximately 2,000 meters in about eight days.

The Totem-1 well is targeting oil in a closure at the Calypso/Legendre Formation similar in style to the nearby Amulet oil field discovered late last year.

Partners in Totem-1 are Santos as operator with 33.4%; Tap (Shelfal) Pty Ltd. With 23.2%; Kufpec with 33.4% and Nippon Oil Exploration (Dampier) Pty Ltd. with the remaining 10%.

For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit