(MENAFN- ProactiveInvestors - Australia) Roc Oil (ASX: ROC) has confirmed the downdip extension of the hydrocarbon columns observed in the Bentara structure at its Balai Cluster Risk Service Contract offshore East Malaysia.
Preliminary logging results of the Bentara-2 indicated that it had intersected more than 100 metres of net hydrocarbon pay in multiple reservoirs across a 650 metre interval.
Bentara-2, which was drilled to a total depth of 2,755 metres, will be cased and completed in preparation for well testing following conclusion of the logging program.
The well is the first in a multi-well appraisal drilling program that BC Petroleum Sdn Bhd (BCP), the company incorporated to operate and manage the Balai Cluster RSC, is carrying out as part of the pre-development phase.
The pre-development phase commenced early 2012 and is expected to be completed by the first or second quarter of 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.
The Balai Cluster RSC consists of the Balai, Bentara, West Acis and Spaoh fields.
Roc has a 48% stake in BCP while the Dialog Group and Petronas Carigali hold 32% and 20% respectively.
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