BC Petroleum receives approval for Bentara Phase 1 offshore Malaysia

Petronas has approved BC Petroleum’s plan for the initial development phase of the Bentara oil field in the Balai Cluster offshore eastern Malaysia.

Mar 26th, 2014

Offshore staff

SYDNEY, Australia – Petronas has approved BC Petroleum’s plan for the initial development phase of the Bentara oil field in the Balai Cluster offshore eastern Malaysia.

Phase 1 will use the existing wellhead platform and two wells producing from Bentara-2 and Bentara-3 through the early production vesselBalai Mutiara.

According to BCP shareholderROC Oil, production is expected to begin during 2Q 2014 and average around 2,000-3,000 b/d, depending on weather and sea conditions.

Bentara is 175 km (109 mi) northwest of Bintulu in water depths of 60-70 m (197-229 ft).

ROC CEO Alan Linn said: “Approval for the initial phase of the Bentara oil development is a direct outcome of the risk managed and staged pre development approach implemented by BCP to appraise and accelerate oil production from the Balai Cluster. In the process, we have also identified additional potential within the cluster area and will be proposing further study and appraisal activity in support of the next stage of potential development from Bentara and associated fields.”

03/26/2014

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