ROC advises that BC Petroleum Sdn Bhd (“BCP”), the company incorporated to operate and manage the Balai Cluster Risk Service Contract (“RSC”) in Malaysia, started drilling the Bentara-3 well at 01:30 hours (Malaysian time) on 6 May 2013.
Bentara-3 is the fifth well in the pre-development drilling programme in the Balai Cluster RSC. At 08:00 hours (Malaysian time) on 6 May 2013 the well was drilling ahead at a measured depth of approximately 194 metres.
The Balai Cluster RSC consists of four fields: Balai, Bentara, West Acis and Spaoh. The pre-development phase commenced early 2012 and is expected to be completed during 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%).