Latest Balai well offshore Malaysia delivers for BCP

Offshore staff

SYDNEY, Australia – BC Petroleum (BCP), the company incorporated to operate and manage the Balai Cluster risk service contract (RSC) offshore East Malaysia, has found hydrocarbons in the Balai-2 well.

The well was drilled to a TD of 2,266 m (7,434 ft), encountering up to 87 m (285 ft) of pay in multiple zones. Logging operations are complete.

According to majority shareholder ROC Oil, Balai-2 is the second well in the pre-development phase drilling. There were two targets: a secondary shallow carbonate reservoir objective and a deeper series of stacked sandstone reservoirs.

Initial assessment based on logging suggests about 47 m (154 ft) of pay in the primary sandstone target, with seven hydrocarbon-bearing reservoirs, and a total interval thickness of 310 m (1,017 ft); and 40 m (131 ft) of gas pay in the secondary limestone reservoir target, with one hydrocarbon-bearing reservoir, and total interval thickness of 830 m (2,723 ft).

The well has been cased and completed ahead of extended well testing using an early production vessel. The rig will transfer to the Spaoh field, 60 km (37 mi) southwest of Balai, to drill the Spaoh-2 well.

The Balai Cluster RSC takes in the Balai, Bentara, West Acis, and Spaoh fields. Pre-development phase appraisal drilling started early last year.

Pending successful completion of this phase and agreement on the fields’ economic viabilities, BCP will submit a development plan and progress to development.

Shareholders of BCP are ROC (48%), Dialog Group (32%), and PETRONAS Carigali (20%).

1/14/2013

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