Oil field adds to Harriet JV cash flow

Partners in the Harriet Joint Venture can look forward to greater oil production and profit with the completion for production of the Double Island Oil Field off the North West Shelf.

"There are now eight oil fields tied back through the Simpson area including Tanami, Simpson, Gibson, South Plato, Victoria, Pedirka, Little Sandy and Double island," said Tap Oil managing director Paul Underwood.

"All these fields have been discovered and quickly brought on stream over the last two years and are expected to make a significant impact on Tap's oil production and profits over the next few years."

The field, located in TL/19, is expected to produce around 4.5 million barrels of oil (proved and probable estimate) with initial planned production rates of around 4,000 barrels of oil per day.

Partners in the Harriet JV include Tap Oil, Apache Energy and Kufpec Australia.