ROC Fails to Find Hydrocarbons at QK12-3-1D Well in China's Bohai Bay Basin

AWE Limited reported Tuesday that the Operator of Block 09/05 in the Bohai Bay Basin, China, ROC Oil Company Limited (ROC) has confirmed that the second of two planned exploration wells in the block, QK12-3-1D, reached the planned Total Depth (TD) of 11,811 feet (3,600 meters) MDRT (Measured Depth below Rotary Table) at 03:00 hours (03:00 am) AEDT Oct. 18.

The well successfully drilled all three targets and intersected good stacked reservoirs in these objectives. However, no hydrocarbon shows were recorded. Logging of the well has been completed and the Joint Venture (JV) will now proceed to plug and abandon the well, following which the JV will have met all PSC obligations.

The Joint Venture partners in Block 09/05 are:

  • AWE Limited (via subsidiary) - 40.0 percent
  • ROC Oil Company Limited (via subsidiary) (Operator) - 60.0 percent

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