Roc Oil to abandon China well

Roc Oil (China) Co. plans to plug and abandon its Wei 6-12E-1A exploration well in block 22/12, offshore China.

Offshore staff

SYDNEY, Australia -- Roc Oil (China) Co. plans to plug and abandon its Wei 6-12E-1A exploration well in block 22/12, offshore China.

The well has been drilled to a TD of 2,510 m (8,235 ft) below the rotary table and an evaluation program has been carried out. Although the well encountered minor residual oil shows it will be plugged and abandoned.

The well result does not impact upon the development plans for the nearby Wei 6-12 and Wei 6-12 South Oil fields, Roc said.

Participating interests in the block 22/12 joint venture are Roc Oil Co, operator with 40%; Horizon Oil Ltd., 30%; Petsec Petroleum, 25%; and Oil Australia Pty Ltd., 5%.

03/11/2008

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