posted in:

Tap Oil announces farmout - offshore Accra contract area, Ghana

Thursday, Dec 13, 2012

Tap Oil Limited (ASX Code: TAP) is pleased to announce that the Contractor Group has executed a farmout of a portion of their interests in the Offshore Accra Contract Area, Ghana.

Under the terms of the Farmout Agreement, a wholly owned subsidiary of Ophir Energy plc (Ophir) will assume operatorship of the Offshore Accra Contract Area on behalf of the Contractor Group and execute drilling of the deepwater Starfish-1 well.  Ophir is a successful, African focused upstream oil and gas company with significant deepwater West African drilling experience.

The Starfish-1 prospect has been recommended for drilling in 2013.  The well will target a large, deepwater, Jubilee look-a-like trap. Tap estimates that the well will target prospective resources in the order of half a billion barrels (431 mmbbls (P50); 665 mmbbls (PMean)).

Tap has reduced its participating interest in the Contract Area from 40% to 17.5%, held through its subsidiary Tap Oil (Ghana) Limited, and will eceive approximately US$4.4 million in past costs from the farmees.

Source: Tap Oil

To access over 3,000 of the latest oil projects from across the world visit Projects OGP for free trial today

posted in:

Other Project News

Prysmian, € 30 m contract in Abu Dhabi 23-04-2014
Ennsub wins major contract to build two ultra-deepwater ROV deployment systems 23-04-2014
Fred. Olsen Energy ASA provide project and operational updates 22-04-2014
Technip wins Umbilical contract for Kaombo project in Angola 18-04-2014
Saipem announces awarded FPSO contracts in Angola worth more than $4 billion 18-04-2014
Shell announces Malaysia deep-water gas discovery 17-04-2014
Octagon 88 Resources announces Red Earth light oil project update 16-04-2014
Lamprell has received a new contract award for the construction and delivery of two Mobile Offshore Drilling Platforms 16-04-2014
New Dragados offshore contract secured for IKM Testing 16-04-2014
Ezion Secures a contract with an approximate value of USD43.7 million over a 3 year period to provide a service rig to support a South Asian Based Nat 16-04-2014

Advertisers





[