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Australia
Carnarvon Basin (North West Shelf, WA)
From inception Tap’s primary focus has been the Carnarvon Basin where the company is active in both the Harriet Joint Venture (HJV) and the Woollybutt Joint Venture (WJV). These projects provide Tap with 100% of its current production.
Exploration occurs in more than 20 permits including the exciting WA-351-P permit. WA-351-P has the potential to deliver 2-3TCF (gross) in the success case. Hess' continuing run of success (nine discoveries from eleven wells) in the adjacent WA-390-P immediately north of WA-351-P is testament to the potential of the area.
Tap also holds the WA-290-P permit (Tap 10% after farmout) immediately South of the Gorgon field. WA-290-P contains the Zola prospect which has the potential for ~1Tcf of gas and will be drilled late 2010.
In WA-191-P the Fletcher oil discovery which was dirilled in 2007 and appraised by three wells in 2008-2009 is a moderate size oil accumulation. There are a number of nearby prospective features, of which Finucane South is likely to be drilled early in 2011.