Beibu Gulf projects gets go-ahead

Offshore staff

SYDNEY, Australia – Roc Oil (China) Co. says the final investment decision is approved for the Beibu Gulf project. The joint-venture partners and joint management committee have approved development of the WZ6-12 and WZ12-8 West oil fields in block 22/21, Beibu Gulf, South China Sea.

Participating interests in the Beibu Gulf project are CNOOC Ltd, 51%; Roc Oil (China) Co.,1 9.60%; Horizon Oil (Beibu) Ltd,. 14.70%; Petsec Petroleum LLC, 12.25%; and Oil Australia Pty Ltd (Majuko Corp) 2.45%.

02/14/2011



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...