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MENAFN - ProactiveInvestors - Australia - 20/11/2012

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(MENAFN - ProactiveInvestors - Australia) Roc Oil (ASX: ROC) has flowed oil at a rate of between 1,685 barrels and 2,275 barrels per day from its Bentara-2 well offshore Sarawak, Malaysia.

The well had been com completed and perforated over a six metre interval between 2,665 metres to 2,671 metres and access an estimated reservoir net pay section of 9.4 metres.

This zone was tested for a 23 hour period to prove up the reservoir production potential.

Bentara-2 has now been shut-in and will await the arrival of the Early Production Vessel to conduct extended production testing of the remaining reservoir.

Up to 14 reservoir sections have been identified in this well from the logging data, with a total estimated hydrocarbon pay potential in excess of 100 metres.

Roc added the drill rig is now preparing to move to the Balai field which is located about 25 kilometres east of Bentara for the drilling of the Balai-2 well.

The Balai Cluster Risk Service Contract consists of the Balai, Bentara, West Acis and Spaoh fields.

The drilling of the appraisal wells are part of the pre-development phase which commenced in early 2012.

Upon successful completion of the pre-development phase and agreement on the economic viability of the fields, Roc and its partners in BC Petroleum Sdn Bhd (BCP), the company incorporated to operate and manage the Balai Cluster RSC, will submit a field development plan and progress to development of the fields.

Roc has a 48% stake in BCP while the Dialog Group and Petronas Carigali hold 32% and 20% respectively.

 






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