BCP Commences Extended Well Testing Program on Balai-2 Well off Sarawak

ROC Oil Company Limited announced Tuesday that BC Petroleum Sdn Bhd (BCP), the company incorporated to operate and manage the Balai Cluster Risk Sharing Contract (RSC) offshore Sarawak, Malaysia, has commenced a program of Extended Well Testing (EWT) on the Balai-2 well utilizing the recently commissioned Early Production Vessel (EPV) “Balai Mutiara”.

The EWT commenced Nov. 6 and flowed for approximately 24 hours before shutting in to obtain pressure performance data. The production is from two perforated intervals in the upper reservoir sands (6,217-6,237 feet or 1,895-1,901meters measured depth below rotary table [MDRT] and 6,253-6,273 feet or 1,906-1,912 meters MDRT) and the initial average rate was in the range 4,000 to 4,200 barrels of oil per day (bopd) and the oil gravity was measured at 39 degree API. Following a short shut in period, EWT production has recommenced and will continue for an extended period.

The EWT programme is designed to production and reservoir performance information, required from the oil fields to support the field development planning process. The EWT program is the final operational phase in the pre development program for the Balai cluster fields.

Subject to commercial viability, BCP aims to submit a Field Development Plan and move towards Final Investment Decision by the end of 2013.

Shareholders of BCP are ROC (48 percent), Dialog Group (32 percent) and Petronas Carigali (20 percent).