Australia-listed Roc Oil (Bohai), a wholly owned subsidiary of ROC, said Tuesday in a statement that it has spudded its second exploration and appraisal well in the Zhanghai Block, sited in the Bohai Bay offshore China.
If proved to be commercially viable, the ZD CP2N-H-2 well will then be tied-in to existing facilities on Roc's Zhao Dong Block Contract.
ZD CP2N-H-2 is Roc's final obligation well for the Zhanghai Block, one of two adjoining blocks that were added the company's Zhao Dong Block in March last year. Drilling from Zhao Dong C4 platform started Monday, with the total depth planned for ZD CP2N-H-2 at 10,771 feet (3,283 meters).
Roc holds an 80 percent working interest in the well, while the remaining stake is held by Sinochem.
Other working interests in the block are held as follows: PetroChina (51%), Roc (39.2%) and Sinochem (9.8%).
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