AWE Limited advises that the Operator of Block 09/05 in the Bohai Bay Basin, China, ROC Oil Company Limited (ROC) has confirmed that the second of two planned exploration wells in the block, QK12-3-1D, reached the planned Total Depth (TD) of 3,600m MDRT (Measured Depth below Rotary Table) at 03:00 hours (03:00 am) AEDT on 18 October 2015.

The well successfully drilled all three targets and intersected good stacked reservoirs in these objectives. However, no hydrocarbon shows were recorded. Logging of the well has been completed and the Joint Venture (JV) will now proceed to plug and abandon the well, following which the JV will have met all PSC obligations.

Tags: AWE Limited