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Fletcher-1 was drilled to target oil in structural closure in Cretaceous or Jurassic aged sandstones.
High-quality oil samples have been recovered to surface and the joint venture is preparing to sidetrack the well up-dip of the present well location, Tap said.
“At this stage, the size of this accumulation is unclear and the purpose of the sidetrack well is to help delineate the size of the oil pool to the north of this well,” Tap said.
“Tap is further encouraged by the additional possible prospectivity elsewhere along this oil-charged anticlinal trend.”
“Fletcher-1 is in exploration permit WA-191-P, 15km east of Santos’ Mutineer-Exeter oil production facilities.
The WA-191-P Joint Venture comprises: Santos 33.4%, Kufpec Australia 33.4%, Nippon Oil Exploration 25% and Tap Oil 8.2%.
