ROC advises that BC Petroleum Sdn Bhd (“BCP”), the company incorporated to operate and manage the Balai Cluster Risk Service Contract (“RSC”) in Malaysia, commenced drilling the West Acis-2 well at 0230 hours (Malaysian time) on 28 March 2013.
West Acis-2 is the fourth well in the pre-development phase drilling programme in the Balai Cluster. At 0630 hours (Malaysian time) on 28 March 2013 the well was drilling ahead at a measured depth of approximately 250 metres.
West Acis-2 is located in the West Acis field, offshore East Malaysia, and has a planned target total depth of approximately 2,440 metres subsea.
The Balai Cluster RSC consists of four fields: Balai, Bentara, West Acis and Spaoh. The pre-development phase commenced early 2012 and is expected to be completed during 2013. On successful completion of the pre-development phase and agreement on the economic viability of the fields, BCP will submit a field development plan and progress to development of the fields.
Shareholders of BCP are ROC (48%), Dialog Group (32%) and PETRONAS Carigali (20%)