Roc Oil starts drilling second Beibu well (China)
- Business & Finance
Roc Oil (China) Company has informed that drilling has started on the second of two exploration wells in Beibu Gulf Block 22/12, offshore China.
The second well, WZ12-10-2, is targeting the T42 and Weizhou formations, adjacent to the WZ12-8 West field in the WZ12-8 Development Area.
Drilling from jack.up rig HYSY 935 started at 23:00 China Standard Time on 3 October 2014. Total depth planned for this vertical well is 1,600 metres MD/1416 metres TVD.
The well is located 1.6 kilometres East Northeast from ROC’s existing Beibu 12-8W facilities and is in water depth of approximately 36 metres.
Participating interests in the Beibu Gulf Project are: CNOOC Limited (Exploration 0%, Production and Development 51.0%); Roc Oil (China) Company (40%; 19.6%); Horizon Oil (Beibu) Ltd and Petsec Petroleum LLC (55%; 26.95%); Oil Australia Pty Ltd (Majuko Corp) (5%; 2.45%).