Roc Oil Drills 2nd Well in Beibu Gulf Block

Roc Oil (China) Company, a wholly owned subsidiary of Roc Oil Company Limited informed today that drilling has commenced on the second of two exploration wells in Beibu Gulf Block 22/12. 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 jackup rig HYSY 935 commenced 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:    Exploration            Production and Development
CNOOC Limited                                                              0%                              51.0%
Roc Oil (China) Company                                              40%                             19.6%
Horizon Oil (Beibu) Ltd and                                            55%                             26.95%

Petsec Petroleum LLC (wholly owned by Horizon Oil Ltd)
Oil Australia Pty Ltd (Majuko Corp)                                 5%                               2.45%