Roc Oil announces Beibu Gulf Project EIA approval
- The operator still anticipates first oil production from the Beibu Gulf project by the end of 2012.
Roc Oil (China) Company advises that the Chinese Government's State Oceanic Administration (SOA) has approved the Environmental Impact Assessment (EIA) for the Beibu Gulf project, which comprises the development of the WZ 6-12 and WZ 12-8 West oil fields located in the South China Sea. Approval of the EIA allows offshore development activities to commence. The final government approval required is for sanction of the project by the National Development and Reform Commission (NDRC).
Subject to final approval, onshore fabrication activities are ongoing and offshore pipeline installation is anticipated to commence during March. On completion of platform installation during 1H 2012, drilling activity is expected to commence mid-year and will include four exploration/appraisal wells, to be followed by the development drilling programme.
The operator still anticipates first oil production from the Beibu Gulf project by the end of 2012. The ramp-up to full-field peak production is anticipated during 2013.
Join 80,000 oil and gas professionals who receive our weekly newsletter.
You may unsubscribe at any time with one click.
Asia Far East
This article is for information and discussion purposes only and does not form a recommendation
to invest or otherwise. The value of an investment may fall. The investments referred to in this
article may not be suitable for all investors, and if in doubt, an investor should seek advice from
a qualified investment adviser. More
Upcoming OilVoice Training Course
Introduction to Seismic Data Acquisition & Processing
The acquisition and processing of seismic data is fundamental to gaining a better understanding of the subsurface geology and structures in any exploration program. Without good seismic data companies are literally - drilling in the dark. The course starts with an introduction to the basic concepts ...
All OilVoice Training Courses