Roc seals Malaysia farm-in

摘要

Roc Oil has completed the farm in to a Production Sharing Contract (PSC), which includes the D35, D21 and J4 fields located offshore Malaysia at water depths of around 50m (164ft). The fields were 100% owned and operated by Malaysia’s state-owned Petronas Carigali and Roc has farmed into a 50% stake. Roc will pay US $25m for the equity plus a carry with a 50% stake of $80m for the project spread over Phases 1 and 2.