Roc Oil spuds second well offshore China
China Well QK12-3-1D will be drilled to a depth of 3,600 metres and is expected to take 26 days to complete. Water depths at the block range between 5 and 10 metres. The first well drilled in the block last year, QK11-1-1, struck non-commercial reserves and was plugged.
Roc Oil operates the block with a 60-percent stake, and Australian exploration and production company AWE holds the remaining 40 percent.
The Bohai Bay Basin is a continental basin in eastern China, and is estimated to have 146 billion barrels of oil in reserves. The basin as a whole has been explored for nearly 40 years, but its offshore portion remains less developed.
Recent Posts
Saipem wins work for $3.7 billion in Angola’s Kaminho project
Saipem has been awarded three new contracts by TotalEnergies EP Angola Block 20 relating to the development of the Cameia… Read More
TotalEnergies launches Kaminho project in Angola
TotalEnergies announced on Tuesday it has made a FID on the Kaminho deepwater project in Angola Read More
BW Energy makes substantial oil discovery offshore Gabon
BW Energy has made a substantial oil discovery in the DHIBM-7P pilot well of the Hibiscus field offshore Gabon, the company… Read More
Aramco signs three MoUs to develop low-carbon tech
Saudi Aramco has signed three MoUs with US companies to advance the development of potential lower-carbon energy solutions, the company… Read More
Iberdrola to triple offshore wind assets to $18 billion
Spain's Iberdrola plans to triple its offshore wind assets in the coming years, bringing their value to USD 18 billion,… Read More