Tap is an exploration and production company, with production and cash flow from the Manora Oil Field in the Gulf of Thailand.
Tap is focused on delivering value from the Manora Oil Field in the Gulf of Thailand G1/48 Concession area, where it holds a 30% non-operated interested
- Manora oil production optimisation and acceleration
- Working with the Operator, Mubadala Petroleum to continuously reduce costs and extend field life while maintaining high and sustainable health, safety, environmental and social standards for the benefit of all stakeholders.
- Continuing to reduce corporate costs while maintaining capability and governance
- Considering all options to maximise shareholder value delivery
Tap strategy is to optimise and accelerate production from the Manora field in a safe efficient and cost-effective manner to extend the field economic life and maximise production, ultimate recovery and cash flow. Future exploration and development drilling potential has been inventorised and characterised and will be invested in if and when oil price improvements and economics dictate.