TAP OIL announces following a two year hiatus production has commenced for three wells at the company’s flagship Manora Oil Development.
MNA-01 and MNA-02 were brought online and the flow is being ramped up from an initial combined rate of 2200 barrels per day.
Tap said MNA-03 is also producing and all three wells have reached stabilised production.
“The return to production constitutes a watershed event for Tap. It repositions the company as a mid-tier producer, it is expected to generate significant cash flow and to broaden the company’s investor appeal,” managing director of Tap Oil Troy Hayden said.
Mubadala Petroleum, Operator of the Manora Oil Development joint venture has batch drilled and cased MNA-07 and MNA-08, while MNA-05 drilling is complete and handed over to production.
Located in the Northern Gulf of Thailand, the Manora field is a joint venture between Mubadala Petroleum, Northern Gulf Petroleum and Tap Energy with an expected field life of 11 years.
The drilling program outlines the drilling and completion of 15 wells scheduled for completion by the end of the first quarter of 2015.
Tap Oil said the expected production rate for the Manora field is a peak rate of 15,000 barrels of oil per day, with 4,500 barrels of oil per day as Tap Oil’s 30 per cent share.