Four Vanguard FPSO on Location at WoollyButt Field

The FPSO "Four Vanguard" is now on location at the Woollybutt Field with all anchor chains installed. Over the course of the next week the flow lines to the production wells Woollybutt-1ST1 and Woollybutt-2AST3 will be connected to the Disconnectable Single Point Mooring System.

AGIP Australia has advised that the project is now about 10 days behind schedule essentially due to the late arrival of one of the required tugs to position the vessel on station and then a mechanical failure on the bow-thruster of one of the tugs.

Initial production is now expected to commence around April 10, 2003.

WA-234-P joint venture participants are Agip Australia as operator with 65%; Tap Oil with 15% and Mobil Australia Resources with 20%.