Tap Oil Ltd has announced results of its South Plato-4 appraisal well, which had commenced drilling on 8 April.
According to Tap, “The South Plato-4 [was] drilled to total depth and intersected a two metre oil column above a residual oil zone. This result indicates that the oil intersected in South Plato-4 will be produced by the existing production wells and hence the well will be plugged and abandoned.”
The appraisal well was a deviated sidetrack from the existing South Plato platform and was drilled to seek out the possibility of hydrocarbons being missed out from current production wells in the field.
The well was located 5.2 km south of Varanus Island and is covered by the Harriet JV. Participants in the JV are operator Apache Energy Ltd (68.5%), Kufpec Australia Pty Ltd (19.2771%) and Tap (12.2229%).
