Offshore staff
WEST PERTH, Australia – Tap Oil Ltd. says a final investment decision has been reached on the Manora oil development in the northern Gulf of Thailand. Tap estimates the cost of the Manora project at $246 million.
Development will likely involve a single wellhead platform linked to a floating, storage offtake unit with 15 development wells (10 producers and five injectors).
First production is scheduled for early 2014, building to an estimated peak rate of 15,000 b/d of oil.
Pearl Oil (Amata), a Mubadala Petroleum affiliate, is operator of the concession G1/48. Tap Energy (Thailand) has a 30% interest.
Manora was discovered in late 2009, and appraised through the Manora-2 and 3 wells in 2010. The field has 2P reserves of 20.2 MMbbl.
Concession G1/48 has other near-term exploration opportunities identified on recently acquired 3D seismic. Drilling should start later in 2012.
7/24/2012
