Tap Oil looks to sell stakes in Apache- and Eni-operated Australian assets

|About: Apache Corporation (APA)|By:, SA News Editor

Australia's Tap Oil is seeking to sell more assets, and has sent out information documents on several stakes in oil and gas fields off the country’s northern coast.

Among assets up for sale is Tap’s 10% stake in the Apache-operated (APA) Taunton oil field in Western Australia, which is currently being assessed for development after oil flowed from a test well at rates of 2,800 bbl/day.

Also up for sale is Tap’s 12% stake in the Prometheus and Rubicon gas discoveries in offshore northwestern Australia, which are operated by Eni (E) and may contain 335B cf of natural gas.