Roc Oil Commences Multi-Well Exploration and Appraisal Offshore China
Posted on: Wednesday, 2 January 2008, 09:00 CST
Roc Oil China, a wholly owned subsidiary of Australian independent oil and gas firm Roc Oil, has commenced a multi-well exploration and appraisal drilling program in a block in the Beibu Gulf, offshore China.
Roc said that the Murmanskaya jack-up rig had commenced drilling a well on the Wei West prospect. The well which is in 30m of water, is expected to reach a total depth of approximately 2,425 meters later this month.
John Doran, CEO of Roc, said: "Between 2002 and 2006 the joint venture drilled two structures in the northern part of the block and made two oil discoveries, both of which are now the subject of development planning studies. The first two wells of the current drilling program are located in the same area but because they are testing targets that are primarily stratigraphic, not structural, there will be a commensurate increase in exploration risk and potential commercial reward."
Source: Datamonitor
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