First Oil to Flow from WZ 12-8 West Field in Beibu Gulf Shortly
Roc Oil (China) Company, a wholly owned subsidiary of Australia's Roc Oil Company Limited announced Monday that the final stage of the Beibu Gulf Block 22/12 development drilling off China has been completed.
"The demobilization of the COSL HYSY 931 jackup completes the 15 well Beibu Gulf development program, designed to maximize production from both the original field development plan and development of the additional reserves discovered during the successful 2012 Beibu near field exploration campaign," ROC’s CEO Alan Linn said in a company release.
"All 15 wells are expected to be online during 3Q13 delivering daily project production rate of approximately 15,000 barrels of oil per day (bopd), with 2,940 bopd net to ROC."
"The integrated project development, with CNOOC Limited as Operator and ROC providing part of the project management team produced very positive outcomes for all Joint Venture Partners, with the development drilling campaign completed safely, ahead of schedule and within budget. I’m delighted with the project and offer my congratulations to all of the teams who have been involved with the project for a job well done," Linn added.
Partners in the Beibu Gulf Development Project are CNOOC Limited, with a 51-percent participating interest, while Roc Oil (China) Company, Horizon Oil (Beibu) Ltd and Horizon Oil (Nanhai) LLC, and Oil Australia Pty Ltd (Majuko Corp) hold participating interest of 19.6 percent, 26.95 percent and 2.45 percent, respectively.
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
Operates 1 Offshore Rigs
- Santos Names Roc Oil CEO Anthony Neilson as CFO to Replace Andrew Seaton (Sep 19)
- SapuraKencana Clinches $72M of Work in Malaysia, India & Cote d'Ivoire (Dec 08)
- Faroe Completes Roc Oil Acquisition (Nov 06)
Company: CNOOC more info
- CNOOC Completes Test Runs at Huizhou Refinery in Guangdong - Report (Oct 09)
- Exxon Mobil Bets on Brazil, Buys 10 Oil Blocks in Auction (Sep 28)
- China's CNOOC Begins Oil Partner Hunt in Mexico Deep Waters (Sep 15)