Woollybutt production to suspend while FPSO is in drydock

Production from the Woollybutt field, which now includes the Woollybutt South lobe, will be suspended between May and November to allow the owner of the FPSO Four Vanguard to complete a scheduled and budgeted dry dock.

Offshore staff

PERTH, Australia -- Production from the Woollybutt field, which now includes the Woollybutt South lobe, will be suspended between May and November to allow the owner of the FPSO Four Vanguard to complete a scheduled and budgeted dry dock.

The field currently produces between 8,000 and 9,000 b/d of oil via four wells with subsea completions tied back to the leased FPSOFour Vanguard. The dry docking project should enable the joint venture to realize the ultimate recoverable reserves of the Woollybutt field, according to Tap Oil.

Following completion of the dry docking project, the vessel should be able to remain on the Woollybutt field until the end of the field life, now forecast to be 2013. The owner of the vessel and the Woollybutt Joint Venture are taking advantage of this dry dock to conduct a number of initiatives aimed at improving the processing capability of the facility.

04/14/2009

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