Producing: Bentara in Balai Cluster
ROC OIL Steve Marshall
23 July 2014 08:26 GMT
A Roc Oil-led consortium has brought on stream the Bentara oilfield in the Balai Cluster off Sarawak, Malaysia, according to partner Petronas Carigali.
Bentara is the second field to start producing in the four-field cluster in the South China Sea after production was launched from Balai late last year, with the remaining fields – Spaoh and West Acis – still to get under way.
The marginal field, being developed by tripartite consortium BC Petroleum, is expected to produce at an initial rate of more than 1000 barrels per day of oil, rising to average rate of between 2000 and 3000 bpd.
Australia-listed Roc Oil, which holds a 48% stake in the joint venture under a risk service contract, gained official approval earlier this year for the first phase of development on Bentara, which is being produced from two wells through the EPV Balai Mutiara vessel.
The remaining stakeholders in the venture are Malaysian companies Dialog Group and Petronas with 32% and 20% respectively.
ROC Price at posting:
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