Beibu Gulf, WZ10-3W & Block 22/04
| Asset overview - Beibu Gulf WZ10-3W Development and Exploration Block | |||||||||||||||||||||||
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| Location |
Beibu Gulf, offshore China |
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| Operator |
Roc Oil (Bohai) Company (operator
- development planning & execution) |
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| JV partners and interests | |||||||||||||||||||||||
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WZ10-3W Development & Production |
WZ10-3W
Exploration & Appraisal |
Block 22/04
Exploration |
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| CNOOC Limited | 40% | - | - | ||||||||||||||||||||
| Roc Oil (Bohai) Company | 35% | 58.3% | 35% | ||||||||||||||||||||
| Smart Oil Investment Limited | 25% | 41.7% | 65% | ||||||||||||||||||||
| Status |
Feasibility studies are ongoing on subsurface, facilities, drilling and completion. |
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| History |
ROC signed a Petroleum Contract with CNOOC on 3 July 2018 to develop the Weizhou 10-3W oil field. ROC has a paying interest of 58.3% until FID is reached. The Petroleum Contract includes exploration block 22/04, in which CNOOC has the right to participate in up to 51% of any development. Following data purchases in 2018, subsurface studies progressed and the subsurface program passed CNOOC Limited experts' review in August 2019. Development feasibility studies are in progress. |
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