Tap Oil drilling third exploration well offshore Thailand

12/11/2012

Tap Oil drilling third exploration well offshore Thailand

BANGKOK -- Tap Oil has begun drilling the Pathum-1 exploration well, its third and final well in the Thailand 2012 exploration drilling campaign.

Proposed depth of the Pathum prospect is located in the G3/48 concession within the southern Sattakut basin, some 41 km north west of the existing Manora field. The Pathum-1 exploration well will test the petroleum potential of the fluvial section as the primary target in the southern Sattakut basin and is a commitment well.

The Pathum-1 exploration well is being drilled in shallow water and has an expected total depth of approximately 2,642 m measured depth. The well will target a prospective resource of around 5 MMbbl.

The drilling rig is on location.The well is expected to reach target depth of approximately 2,642 m within 11 days. Weekly updates will be provided during drilling operations.

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