Wei development program nearing approval

ROC Oil has completed development feasibility work for its proposed Wei oil fields development in the Beibu Gulf off China.

Offshore staff

SYDNEY -- ROC Oil has completed development feasibility work for its proposed Wei oil fields development in the Beibu Gulf off China.

CNOOC’s Experts Review Committee has accepted the planned integration and sharing of CNOOC’s and the joint venture offshore facilities as the preferred development option. CNOOC has also confirmed that the new export project to serve multiple offshore fields in the area should be operational in mid-2010.

The project’s overall development plan is expected to be completed later this summer. Currently, it involves two remote wellhead platforms and one joint processing platform, bridge-linked to CNOOC’s WZ 12-1 A platform complex and using existing water injection and gas processing facilities. The target for first oil remains late-2011 to early-2012.

At the Zhao Dong C and D oil field project in Bohai Bay, development drilling operations from the second drilling platform (ODB) started in April. The final batch of wells, due to be completed by mid-August, comprises two producers and one injector.

Recently the second processing platform (OPB) for the C and D fields was installed, and this should be operational by the end of July. The OPB will increase fluid-handling capabilities for Zhao Dong from 90,000 b/d currently to 145,000 b/d.

07/24/2009

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