Mubadala looks to build on Malida discoveries offshore Thailand

Offshore staff

WEST PERTH, Australia – Tap Oil has issued an update on exploration plans for some of its concessions offshore Thailand and Western Australia.

The company has a 30% interest in the G1/48 concession in the northern Gulf of Thailand, operated by Mubadala Petroleum. The Manora discovery in late 2009 opened up a new oil play in this region.

Mubadala is finalizing a review of the G1/48 permit area, integrating the results of the successful Malida-1 well and subsequent Malida side tracks. It has selected a preferred prospect for drilling in 2015 from the portfolio, which now looks likely to spud around year-end.

TAP is a partner in the WA-320-P and WA-155-P (Part II) exploration permits in the Carnarvon basin offshore Western Australia. The Palmerston prospect straddles both permits.

This is a Triassic fault block with structural similarity to the Zola structure. The Palmerston-1 well will target sandstones in the proven Mungaroo formation play and will satisfy the Year 3 well commitment.

The WA-320-P joint venture has licensed around 310 sq km (120 sq mi) of multi-client 3D seismic data from the TGS Huzzas MC3D seismic survey. Processing is expected to be completed by mid-year.

This new data will assist planning for the Palmerston well, likely to be drilled by 3Q 2016.

05/01/2015

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