Tap Oil Limited is an independent oil & gas exploration and production company with interests in Australia and South East Asia.
Headquartered in Perth, Western Australia, Tap was incorporated on 14 March 1995 and subsequently listed on the Australian Securities Exchange (ASX:TAP) in September 1996. At the time, Tap’s primary asset was 12.2229% of the Harriet oil and gas fields obtained from Marubeni Oil.
In 1997, Tap farmed into WA-234-P and participated in the Woollybutt exploration well, resulting in a commercial oil discovery. Commissioned in 2003, the Woollybutt field has exceeded expectations and produced 29 million barrels of oil from an estimated 40 million barrels ultimately recoverable.
In 2006, Tap expanded its focus to include South East Asia by acquiring interests in the Philippines and Borneo.
In addition, Tap has acquired a significant offshore acreage position in the Australian North West Shelf and intends to continue a measured exploration and development program over the coming years.