Resource Wrap: 13 January 2010 – ROC
January 13, 2010
ROC Oil Company Limited (ROC) expects an average production rate of approximately 10,000 barrels of oil equivalent a day in 2009. The company said production at its 24.5% owned Zhao Dong operation in December averaged approximately 9,130 barrels of oil a day after being affected by intensive well maintenance activities and ongoing repairs to a failed sub-sea power cable. ROC said ongoing severe weather experienced since late December continues to impact production, with interruptions to crude oil shipments constraining production in January 2010. The company said production rates at Zhao Dong are anticipated to return to about 20,000 BOPD by the end of January 2010. ROC said current field production at its 30% owned BMG Oil and Gas Field is approximately 6,000 BOPD, while at the its 37.5% owned Cliff Head Oil Field the production rate has improved to approximately 5,000 BOPD.
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