Roc says An­gola drilling needed

The Weekend Australian - Travel - - Resources -

ROC Oil will carry out fur­ther drilling at the first well of its An­golan ex­plo­ration pro­gram to de­ter­mine whether oil found in the area may be pro­duced. Roc will drill a so-called side­track well at Mas­sam­bala-1 over the next two weeks to get more in­for­ma­tion on a 20m sec­tion that ap­pears to hold oil which didn’t flow in an ini­tial test, the Syd­ney-based com­pany has told the Aus­tralian Stock Ex­change. The main area tar­geted by the well didn’t con­tain oil or gas, it said.

Roc’s Cabinda South ven­ture in on­shore An­gola, which in­cludes Force Pe­tro­leum and the na­tional oil com­pany So­nan­gol SA, started drilling in June the first of at least five ex­plo­ration wells planned this year as part of a $54 mil­lion pro­gram.

Mas­sam­bala-1 is the first well to be drilled in the re­gion in 35 years.

‘‘ Be­cause we are at the be­gin­ning of a big drilling cam­paign, it is es­sen­tial that we try to nail the ex­act na­ture of the shal­low oil zone at Mas­sam­bala-1 as soon as pos­si­ble, be­cause if it proves to be pro­ducible, the up­side po­ten­tial is well worth chas­ing,’’ Roc chief ex­ec­u­tive of­fi­cer John Doran said in the state­ment. Bloomberg

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