Roc Oil Company Limited
02 May 2006
1 May 2006
ROC OIL COMPANY LIMITED ('ROC')
STOCK EXCHANGE RELEASE
CLIFF HEAD OIL FIELD COMMENCES PRODUCTION
ROC, as Operator of the Cliff Head Oil Field Development Project in the Perth
Basin, offshore Western Australia, is pleased to advise that oil production
commenced 1 May 2006 at 0530 hours Western Standard Time.
First production commenced from the near vertical CH-6 well at an initial
controlled clean-up rate of approximately 1,000 barrels of oil per day ('BOPD').
Field production rates are expected to increase to greater than 10,000 BOPD as
the five other designated oil producers, including four horizontal wells, are
brought on stream during the next several weeks.
The produced oil is transported via a 14 km pipeline to the onshore Arrowsmith
Stabilisation Plant from where it will be trucked to the new BP Crude Oil
Unloading Facility at Kwinana, which was purpose-built to handle oil deliveries
from the Cliff Head Oil Field.
Commenting on the commencement of oil production at Cliff Head, ROC's Chief
Executive Officer, John Doran said:
'First oil production from Cliff Head, achieved within 14 months of the Joint
Venture deciding to develop the field is an obvious landmark for all concerned.
For ROC, it will be a further revenue boost, particularly given current oil
prices.
This full cycle project, running from discovery to production, represents a
number of 'firsts' for the Australian oil industry. However, ROC's current focus
is not on statistical niceties as much as completing the other wells and
bringing them on stream. In this sense, first oil from Cliff Head is more like
another day at the office rather than an end in itself'.
The Cliff Head Joint Venture comprises:
Equity
Roc Oil (WA) Pty Limited 37.5% & Operator
AWE Oil (Western Australia) Pty Ltd 27.5%
Wandoo Petroleum Pty Ltd 24.0%
ARC (Offshore PB) Limited 6.0%
CIECO Exploration and Production (Australia) Pty Ltd 5.0%
Michelle Manook For further information please contact
General Manager - Corporate Affairs Dr John Doran on
Tel: +61-2-8356-2000
Fax: +61-2-9380-2635
Email: jdoran@rocoil.com.au
Or visit ROC's website: www.rocoil.com.au
Dr Kevin Hird
General Manager Business Development
Tel: +44 (0)207 586 7935
Fax: +44 (0)207 722 3919
Email: khird@rocoil.com.au
Nick Lambert
Bell Pottinger Corporate & Financial
Tel: +44 (0)207 861 3232
This information is provided by RNS
The company news service from the London Stock Exchange
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