Tap sells Carnarvon basin offshore licence to Santos
Tap Oil has entered into a sale and purchase agreement for the sale of its 22.474% non-operated interest in WA-33-R in the offshore Carnarvon basin of WA.
Tap said the development was consistent with its strategy to monetize and rationalise its Australian portfolio and pursuant to the terms of the SPA, the company’s subsidiary, Tap Shelfal, will sell its interest in WA-33-R to its joint venture partners Quadrant Oil and Santos with Tap Shelfal’s interest being split between the buyers...