WAPET

AcronymDefinition
WAPETWest Australian Petroleum Pty Ltd
WAPETWell and Production Equipment Team
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Upon acceptance, the drilling rig departed from Singapore for West Australia where it will conduct drilling operations for WAPET and other consortium members under a previously disclosed long-term drilling contract that expires Dec.
Jan Rask, president and chief executive officer of Marine, said, "We are extremely pleased that the upgrade of the MARINE 500 is complete and that the unit is being mobilized to West Australia to begin working for WAPET under a long-term contract.
Marine Drilling Companies Inc. Announces Acceptance of MARINE 500
Total WAPET production has been increased recently from 50,000 barrels per day (bpd) to approximately 80,000 bpd through the addition of the Roller and Skate fields.
TEXACO CONFIRMS AUSTRALIA NATURAL GAS DISCOVERY
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