Roc Oil (China) Company, a wholly owned subsidiary of Roc Oil Company Limited, announced that the 10-well development drilling program at the WZ 6-12 field in the Beibu Gulf project, designed to optimize both the original field development plan and accelerate production from the successful 2012 exploration campaign, has been completed safely ahead of schedule and within budget.
Production from the developed fields is currently approximately 10,000 barrels of oil per day. The COSL HYSY 931 (300' ILC) has now moved onto the WZ 12-8 West Field and has commenced drilling the WZ12-8W-A1H well, the first of five development wells.
Plateau production from the overall project is expected to be achieved during the second half of 2013, with average daily rates of approximately 15,000 bopd.
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