Tap is an exploration and production company, with production and cash flow from the Manora Oil Field in the Gulf of Thailand.
Tap is focused on delivering value from the Manora Oil Field in the Gulf of Thailand G1/48 Concession area, where it holds a 30% non-operated interested
- Manora oil production optimisation and acceleration
- Working with the Operator, Mubadala Petroleum to continuously reduce costs and extend field life while maintaining high and sustainable health, safety, environmental and social standards for the benefit of all stakeholders.
- Continuing to reduce corporate costs while maintaining capability and governance
- Considering all options to maximise shareholder value delivery
Tap’s strategy is to encourage new exploration and development activity in and around the Manora Oil Field to ensure the potential of the field and surrounding acreage is fully exploited. The existing Manora Oil Field infrastructure allows for discoveries within ~5km of the platform to be brought online for production within 2-3 weeks of drilling.
Tap has interests in a number of exploration permits and retention leases in the Carnarvon and Bonaparte basins, offshore north west Western Australia. This includes interests in gas discoveries Tallaganda (WA-72-R), Maitland (WA-33-R) and Prometheus/Rubicon (WA-34-R).