Offshore Accra

The Starfish-1 wildcat well was spudded on 19 June 2013 to target a large, deepwater, stratigraphic trap located on the basin slope. Logs confirmed the presence of a gross 230 metre sandstone interval in the primary target interval, although the sandstone was confirmed to be water wet. The secondary target contained poorly developed sands which were also interpreted to be water bearing.
In August 2013, the Ministry of Energy and Petroleum, Ghana granted a six-month extension to the Initial Exploration Period under the Petroleum Agreement in respect of the Offshore Accra Contract Area with the Initial Exploration Period ending on 23 March 2014. Following an evaluation of the on-block data and remaining prospectivity, Tap has decided to withdraw from the Offshore Accra Contract Area and not proceed to the First Extension Period. Tap will have no further commitments for this acreage.