ROC advises that BC Petroleum Sdn Bhd ("BCP"), the company incorporated to operate and manage the Balai Cluster Risk Service Contract ("RSC") in Malaysia, has drilled the West Acis-2 well to a total depth (TD) of 2,307 metres TVDss.
West Acis-2 is the fourth well in the pre-development drilling phase and is located in the Balai Cluster, offshore Eastern Malaysia. The well reached its current TD at 19.30 hours (Malaysian time) on 14 April 2013. Initial assessment based on preliminary logging results indicates estimated net hydrocarbon pay of approximately 20 metres across three sandstone reservoir intervals.
The West Acis-2 pre-development well intersected reservoirs approximately 70 metres downdip from West Acis-1ST and confirms the western extent of hydrocarbons in the West Acis field.
West Acis-2 has been cased and completed in preparation for extended well testing with the Early Production Vessel (EPV) Balai Mutiara. The rig is currently preparing to move to the Bentara field, located approximately 80 kilometres north-west of West Acis, to drill the Bentara-3 well.
The Balai Cluster RSC consists of four fields: Balai, Bentara, West Acis and Spaoh. The pre-development drilling phase commenced in 2012 and is expected to be completed mid-2013. On successful completion of the pre-development phase and agreement on the economic viability of the fields, BCP will submit a field development plan and progress to development of the fields.
Shareholders of BCP are ROC (48%), Dialog Group (32%) and PETRONAS Carigali (20%).