Roc Oil Co Ltd is seeking joint venture partners for Block 03/33 PSC in the offshore Pearl River Mouth Basin. Roc Oil is offering up to 50% interest in the Block 03/33 Area A, which contains the Huizhou 12-5 oil discovery and is estimated to contain recoverable reserves of 22 MMbo. The company is also offering up to 25% interest in the Block 03/33 Area B where a two well exploration drilling programme is planned in 2H 2020/early 2021. Roc Oil is the operator and sole rightholder of Block 03/33 Area A and holds a 50% operating interest of Block 03/33 Area B with joint venture partner CNOOC holding the remaining 50% interest. CNOCC also have the rights to participate in up to a further 51% interest in any field development.<P />
Roc Oil Co Ltd is seeking joint venture partners for Block 03/33 PSC in the offshore Pearl River Mouth Basin. Roc Oil is offering up to 50% interest in the Block 03/33 Area A, which contains the Huizhou 12-5 oil discovery and is estimated to contain recoverable reserves of 22 MMbo. 