ROC Oil, Petronas to redevelop fields offshore Malaysia
ROC Oil has farmed into 50% of a production-sharing contract (PSC) offshore Malaysia that includes three fields operated by Petronas Carigali.
The producing D35, D21, andJ4 fields are in water depths of around 50 m (164 ft). Combined production is in the range of 10,000 b/d of oil and 17 MMcf/d (481,386 cm/d) of gas.
The PSC terms are designed to raiseproduction incrementally through redevelopment and enhanced oil recovery measures.