Roc says Angola drilling needed
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