Roc Oil Strikes Oil Pay in Beibu Gulf, China

Roc Oil Strikes Oil Pay in Beibu Gulf, China

Roc Oil (China) Company, the operator of the exploration wells within WZ6-12 and WZ12-8 West Oil Field Development areas in Beibu Gulf, China, advises the WZ6-12-A6 deviated step-out exploration well on the northern flank of the WZ6-12 South field reached a total depth (TD) of 2,658 metres (2,211 metres TVD) on 3 November and encountered hydrocarbons in multiple zones in the Weizhou formation.

The well is being drilled by the HYSY 931 drilling rig located over the WZ6-12 Wellhead Platform. A production liner will be run to enable future completion and tie-in for production.

WZ6-12-A6 is the second successful well in a three well exploration/appraisal programme and intersected a total of 58 metres (TVD) of net oil pay. The thickest individual pay interval is 38 metres.

ROC also advises drilling of the third well WZ6-12-A7 is underway. This well will test the Sliver and Liushagang exploration prospects located to the north of the WZ6-12 South field.

Commenting on the well results, ROC’s CEO  Alan Linn said:

“To encounter oil pay at multiple levels in the WZ6-12-A6 well in the target objectives is an excellent continuation to our Beibu drilling campaign. The combined impact of the two successful wells will add incremental value to the overall Beibu project for ROC and its joint venture partners. Provision has been made in the facility design to provide capacity for new oil zones discovered in the exploration drilling program. The well was drilled ahead of schedule and demonstrates the supportive and close operating relationship between ROC and CNOOC.”

Participating interests in the Beibu Gulf exploration programme are: Roc Oil (China) Company 40%, Horizon Oil (Beibu) Ltd 30%, Horizon Oil (Nanhai) LLC 25%, Oil Australia Pty Ltd (Majuko Corp) 5%

November 5, 2012