Roc Oil Company News

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Borr Drilling Ups Backlog by $21MM
Tuesday, August 04, 2020Borr Drilling has entered into a new contract and letters of intent for three of its currently warm-stacked rigs.

Santos Names Roc Oil CEO Anthony Neilson as CFO to Replace Andrew Seaton
Monday, September 19, 2016Santos names Anthony Neilson as chief financial officer, replacing Andrew Seaton, who has announced his retirement.

SapuraKencana Clinches $72M of Work in Malaysia, India & Cote d'Ivoire
Tuesday, December 08, 2015SapuraKencana Petroleum's units clinches contracts and extensions, worth $72 million, in Malaysia, India and Cote d'Ivoire.

Faroe Completes Roc Oil Acquisition
Friday, November 06, 2015Faroe Petroleum completes its acquisition of Roc Oil, boosting its stakes in the UK North Sea Blane and Enoch units to 30.5 percent and 13.9 percent respectively.

ROC Fails to Find Hydrocarbons at QK12-3-1D Well in China's Bohai Bay Basin
Tuesday, October 20, 2015ROC Oil fails to find hydrocarbons at QK12-3-1D exploration well in Block 09/05 in China's Bohai Bay Basin.

Roc Oil Spuds QK12-3-1D Exploration Well in China's Bohai Bay Basin
Wednesday, September 23, 2015Roc Oil spuds QK12-3-1D exploration well in Block 09/05 in China's Bohai Bay Basin.

Faroe Petroleum Acquires North Sea Interests for $20M
Tuesday, September 01, 2015Faroe Petroleum announces its conditional acquisition of Roc Oil (GB Holdings) Limited for a payment that could total up to $20 million.

CNOOC Signs PSCs with Roc Oil for South China Sea Blocks
Wednesday, August 19, 2015The China National Offshore Oil Corporation signs 2 production sharing contracts with Roc Oil Company for blocks 16/07 and 03/33 in the South China Sea.

Afren Board Agrees on New CEO
Tuesday, April 07, 2015Afren's board agrees in principle to appoint Alan Linn as the firm's new chief executive.

Fosun Closes Off-Market Takeover Bid for Roc Oil
Tuesday, November 18, 2014Fosun International confirms closure its off-market takeover bid for Roc Oil.

Roc Oil Names Bin Zhao as Chairman to Succeed Mike Harding
Friday, November 14, 2014Australia's Roc Oil names Bin Zhao as chairman to succeed Mike Harding.

Horizon Reports Oil Discovery at WZ 12-10-2 Well in Beibu Gulf Block 22/12
Tuesday, October 14, 2014Horizon Oil reports an oil discovery at WZ 12-10-2 well in Beibu Gulf Block 22/12 offshore China.

Roc Oil Spuds WZ12-10-2 Well in Beibu Gulf Block 22/12 Offshore China
Wednesday, October 08, 2014Roc Oil spuds WZ12-10-2 exploration well in Beibu Gulf Block 22/12 offshore China.

Roc Oil Reports Oil Find at WA12-10-1 Well in Beibu Gulf Block 22/12
Monday, September 29, 2014Roc Oil reports an oil discovery at WZ12-10-1 well in Beibu Gulf Block 22/12 offshore China.

Roc Oil Spuds First of Two Wells in Beibu Gulf Block 22/12 Offshore China
Thursday, September 11, 2014Roc Oil spuds the first of two exploration wells in Beibu Gulf Block 22/12 offshore China.

Roc Oil Fails to Find Commercial Hydrocarbons at QK11-1-1 Well in Bohai Bay
Wednesday, September 10, 2014Roc Oil fails to find commercial hydrocarbons at QK11-1-1 well in Block 09/05 in Bohai Bay offshore China.

AWE to Farm-in for 40% Interest in Bohai Bay's Block 09/05
Thursday, August 14, 2014AWE to acquire 40 percent interest in Block 09/05 in Bohai Bay, offshore China from Roc Oil.

Horizon Oil Terminates Merger Implementation Deed with Roc Oil
Tuesday, August 05, 2014Horizon Oil terminates the merger implementation deed with Roc Oil following the offer to acquire the latter by Fosun International.

China's Fosun Agrees $441M Takeover of Australia's Roc Oil
Monday, August 04, 2014Australia's Roc Oil accepts a $441 million takeover offer from Chinese conglomerate Fosun International, saying it was better than its plan to merge with Horizon Oil.

Roc Oil Draws a Second Acquisition Proposal, Denies Cliq Energy is a Bidder
Friday, July 11, 2014Roc Oil receives a second proposal from an unnamed firm to acquire all the issued share capital of the Australian company.

Horizon Oil Recommends Shareholders Accept Merger with Roc Oil
Friday, July 04, 2014Horizon Oil recommends that the firm's shareholders accept the merger with Roc Oil in the absence of a superior proposal.

Roc Oil to Farmout 20% Stake in PSC for D35, D21, J4 Fields to Dialog
Friday, May 30, 2014Roc Oil agrees to farm-out a 20 percent stake in the production sharing contract for D35, D21 and J4 fields offshore eastern Malaysia to Dialog Resources.

Stanley Project Approval Continues PNG Growth
Monday, May 05, 2014Papua New Guinea's oil and gas industry has experienced significant expansion in recent years, with development of the Stanley project on course to boost the sector in the country's Western Province.

Horizon and Roc Oil Plan Merger
Tuesday, April 29, 2014Asian focused companies, Horizon and Roc Oil, announce intentions to merge and establish a single entity with significant exploration and production assets.

Roc Oil Acquires 50% Interest in a PSC offshore Malaysia
Tuesday, April 01, 2014Roc Oil acquires a 50% interest in a production sharing contract comprising three fields offshore Malaysia.

Cooper Energy Acquires 65% Interest in BMG Project in Gippsland Basin
Monday, March 31, 2014Cooper Energy acquires 65% interest in Basker-Manta-Gummy gas and liquids project in the Gippsland Basin offshore Australia.

Myanmar Awards Block M07 in Moattama Basin to Tap Oil and its JV Partners
Thursday, March 27, 2014Tap Oil reports that it has been awarded shallow water Block M07 in the Moattama basin, offshore Myanmar by the Ministry of Energy in Myanmar.

BC Petroleum Gets Nods to Develop Bentara Oil Field Offshore Sarawak
Wednesday, March 26, 2014BC Petroleum receives approval from Petronas to develop Bentara oil field within the Balai Cluster offshore Sarawak, Malaysia.

WSJ: Noble Energy Plans China Oilfield Stake Sale
Friday, February 21, 2014Noble Energy hires merger-advisory firm Lazard Ltd to sell its majority stake in an oil field it owns with Sinopec just off northeastern China, the Wall Street Journal reported, citing people familiar with the matter.

ROC's Revenue in 4Q 2013 Grows 1.5% to $69M Amid Higher Production
Wednesday, January 29, 2014ROC Oil Company's revenue increases 1.5 percent to $68.95 million in the fourth quarter of 2013, compared to $67.91 million in the previous quarter.

ROC Oil Appoints Mike Harding as Chairman
Thursday, December 12, 2013ROC Oil appoints Mike Harding as chairman of the company's board of directors.

BCP Commences Extended Well Testing Program on Balai-2 Well off Sarawak
Tuesday, November 12, 2013ROC Oil announces that BC Petroleum has commenced a program of extended well testing on Balai-2 well in the Balai Cluster Risk Sharing Contract offshore Sarawak, Malaysia.

ROC Oil's Revenue Rises to $67.9M for 3Q 2013, Up 20% Over 2Q 2013
Wednesday, October 30, 2013ROC Oil's revenue rises 20 percent to $67.9 million for 3Q 2013, compared to $56.8 million for the previous quarter.

ROC Finalizes Option to Farm Out 40% Stake in Block 09/05 in Bohai Bay
Thursday, October 10, 2013Roc Oil finalizes an option agreement to farm out 40 percent interest in Block 09/05 in Bohai Bay, China to Horizon Oil.

ROC Appoints New Chairman to Replace Andrew Love
Friday, August 30, 2013ROC Oil appoints Mike Harding as company chairman to replace Andrew Love who will retire at the end of this year.

ROC Oil's 1H 2013 Net Profit Dips 28% to $20.5M
Wednesday, August 28, 2013ROC Oil posts a 23.8 percent decline in net profit in the first half of 2013 to $20.5 million amid weaker oil prices and lower sales volume.

First Oil to Flow from WZ 12-8 West Field in Beibu Gulf Shortly
Monday, August 19, 2013Roc Oil reveals that first oil from the WZ 12-8 West field in Beibu Gulf off China is expected in the third quarter of 2013.

Roc Oil Completes WZ 6-12 Field Drilling Program
Friday, June 21, 2013Roc Oil has completed a 10-well development drilling program at the WZ 6-12 field in Beibu Gulf.

Roc Spuds Final Obligation Exploration, Appraisal Well in Bohai Bay
Tuesday, November 27, 2012Roc Oil (Bohai) spuds final exploration and appraisal well in the Zhanghai Block, offshore China. The well could be tied into existing offshore facilities.

Beibu Gulf Project Progressing Towards First Oil by Early-2013
Wednesday, November 21, 2012Roc and its partners move into the final phase of drilling for the WZ6-12 and WZ12-18 West Oil Field Development areas; first oil expected from the Beibu Gulf Project by 2013.

Roc Flows Oil from First Appraisal Well Offshore Malaysia
Tuesday, November 20, 2012Roc flows medium gravity oil from its first appraisal well, Bentara-2, offshore Malaysia.

NZOG to Raise Kaheru Stake, Become Permit Operator
Friday, May 25, 2012NZOG on Friday announced it has entered into further conditional agreements to become operator and increase its stake in the highly prospective offshore Taranaki permit, Kaheru.

CNOOC Pens PSC with Roc for Bohai Block
Friday, May 11, 2012CNOOC has signed a production sharing contract with Roc Oil for Block 09/05 in Bohai.

Roc Oil to Quit Offshore NZ Block
Friday, March 23, 2012Roc Oil has notified joint venture partners of its withdrawal from offshore exploration block PEP52181, located in the Taranaki Basin, New Zealand.

Roc Sells Offshore Mauritania Stakes to Tullow
Friday, September 23, 2011Roc Oil (Mauritania) and Roc Oil (Chinguetti) B.V., each wholly owned subsidiaries of ROC, have agreed to sell all of their respective interests offshore Mauritania to Tullow.

ROC Pumps Oil at Zhanghai Block Offshore China
Thursday, August 25, 2011ROC has commenced production from the first appraisal well drilled in the new Zhanghai block.

Petronas Enters SFRSC for Balai Cluster Development Offshore Malaysia
Wednesday, August 17, 2011Petronas has entered into a Small Field Risk Service Contract for the pre-development and development of the Balai Cluster Fields with a contractor group comprising Roc and Dialog Group.

ROC to Sell Stake in Mozambique Block
Friday, July 08, 2011ROC has agreed to sell its 75% interest in the Juan de Nova Maritime Profond Block to South Atlantic Petroleum.

Roc Increases Stake in Zhao Dong Block
Friday, March 25, 2011ROC advised that the existing Petroleum Contract covering the Zhao Dong Block has been modified with the aim of commercializing previous near field discoveries in the area and encouraging further exploration activity.

Roc Resumes Production at Cliff Head
Tuesday, March 22, 2011Roc Oil advised that normal production operations at the Cliff Head oil field have resumed.