EXPLORATION

Tap's Manora gamble

TAP Oil will have to dig deep into its cash reserves, with a $US2.5 million bill coming for a new appraisal and development program that, if it works, will add extra production and resources, and if it fails will be yet another setback to plans to rebalance the company.

Haydn Black

Operator of the 30%-owned Manora oil field in the Gulf of Thailand, Mubadala Petroleum (60%), has told partners Tap and Northern Gulf Holdings (10%) that the Atwood Orca jack-up drilling unit commenced...

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