Mubadala begins drilling at Manora

September 5, 2014

Mubadala Petroleum, Operator of the Manora Oil Development joint venture, has advised that the Atwood Orca jack-up drilling unit spudded the first of 15 planned development wells, MNA-02, in the Gulf of Thailand.

The MNA-01 and MNA-02 wells will be batch drilled to final total depths of 2,104 m and 2,441 m measured depth respectively and shall be completed with electric submersible pumps(ESPs) ahead of handover to Production. Drilling and completion of both wells is planned to take 24 days on a trouble free basis.

Both wells are required ahead of introduction of hydrocarbons to the Manora production facility. Production is expected to occur shortly after the completion of the MNA-01 and MNA-02 wells.

The Manora A platform is located within the Gulf of Thailand in 46 metres of water. The development drilling program calls for drilling and completion of 15 wells (10 producers and 5 injectors), with the program expected to take until the end of Q1 2015.

Tap has 2P reserves of 6.1 mmbbls (20.2 mmbbls gross) and 2C contingent resources of 3.2 mmbbls (10.9 mmbbls gross) booked for Manora (ASX release 27 October 2011). Tap will review these reserves and contingent resources following development drilling and production performance. Tap will make scheduled announcements upon commencement of drilling and completion of each well or each batch. Tap’s next expected announcement is at the completion of MNA-01 and MNA-02.

[mappress]

Press Release, September 05, 2014