Roc Oil plugs, abandons MAW-1 well in Angola

Wed Oct 8, 2008 3:09am EDT
 
[-] Text [+]

Oct 8 (Reuters) - Australian oil company Roc Oil Co Ltd (ROC.L) (ROC.AX) on Wednesday said it had plugged and abandoned its MAW-1 appraisal well in the Cabinda South Block, Angola.

The company, which operates the well with a 60 percent interest, said preliminary data from MAW-1 confirmed a heavy oil column and reservoir parameters as predicted.

Roc Oil said it would continue with the drilling of a second appraisal well before operations are suspended prior to the onset of the rainy season. (Reporting by Srikanth Srinivasa in Bangalore; edited by Simon Jessop)

 
Join the Reuters Consumer Insight Panel and help us get to know you better

Join the Reuters Consumer Insight Panel and help us get to know you better