Tamarind is pleased to announce that we recently acquired Nido's GPC and NPG entities and now have 55.88% equity and operatorship of the Galoc field, offshore Philippines. We're adding to our growing portfolio and we are keen to delve into the opportunities this field holds.
With this acquisition, we welcome a dedicated Manila-based team to our organization and their expertise will be valuable as they have been with the asset for many years. Their knowledge and experience will complement Tamarind's existing skill set to maintain the field's excellent operational performance and to advance Galoc into a new phase of development.
The Galoc Oil Field has 4 producing wells that flow into FPSO Rubicon Intrepid which has a 450,000 bbl storage capacity. We look forward to extending the life of this asset with a range of optimization and development opportunities.
Tamarind is pleased to announce that it has entered into a contract with COSL Drilling Europe AS for the semi-submersible rig, Hai Yang Shi You 982 (“HYSY 982”). The contract consists of three (3) firm wells, and options to extend the contract terms for up to one (1) optional side-track development well and up to one (1) optional exploration well, all to be drilled within the Tui permit. The drilling program is due to commence in Q2/Q3 2019.
Tamarind is very pleased to be using this new, sixth generation unit, that will bring a new level of sophistication in the drilling of offshore wells in New Zealand. Tamarind is excited by the potential that this campaign brings and to be undertaking this program with COSL, who will provide a rig that meets the highest health, safety, environmental and performance standards.
On 8 March 2018, Tamarind Taranaki Limited (Tamarind) lodged applications with the Environmental Protection Authority (EPA) for marine consent to undertake sidetrack development drilling within the Tui Field, and for marine discharge consent to discharge offshore processing drainage from deck drains aboard a drill rig.
Tamarind’s marine consent application is to enable the drilling of up to five sidetrack development wells from up to four of its existing wells, including associated logistical and environmental monitoring activities, in the Tui Field.
The application is open for public consultation until 18 June 2018. Visit the application link to read more about the process.
Click through below to the full post for more details and to review the application documents that were submitted.
With some calm weather to accompany it, we've completed another offtake from the Tui Oil Field this week. This time we lifted over 388,000 bbls of Tui Crude. Thank you again to those involved in making this another smooth offtake with no incidents.
We look forward to further successes with this asset.
Tamarind is intending to commence a drilling project in the Tui Oil Field in early 2019. It will involve drilling 2 to 4 sidetrack wells from the existing wells. We are currently developing an Impact Assessment for the drilling project and intend to lodge an application for marine consent to the Environmental Protection Authority (EPA) in early March 2018. The consent application will be fully notified, and a full copy of the application will be available from the EPA website and from this website. We will post updates on the project when they are available.
The Tui Oil Field
Ultimately, Tamarind strives to prevent any accidents, and keep everyone and the environment safe. Tamarind has several Health, Safety and Environment (HSE) tools to help protect people and the environment – and one of them is our HSE Policy. The HSE Policy is the fundamental HSE document that confirms our commitment to our HSE Culture. It outlines the HSE expectations and actions as the foundation to continuously improve.
Our HSE philosophy is that while we are undertaking our activities, they should cause no harm. Alongside that, we believe all accidents are preventable, no task is so important that the risk of injury to people is justified and that we will protect and minimize the impact of our activities so that the environment will suffer no long-term effects.
Our Policy highlights our ‘Stop-Work’ commitment from all levels of management, in which a worker is required to stop any activity if they feel it compromises their personal safety, the safety of others or the protection of the environment. We firmly believe in our HSE Policy and we ensure that our workers have the resources needed to carry out their tasks safely.