Cliff Head Oil Field

#TITLE#


Activity status

  • Producing
  • Assessment of near-field exploration potential in progress.
  • Workover operations to install a higher-rate downhole ESP at CH12 were completed in August 2011 and improved production rates by over 1000 BOPD.
  • In February 2012, Cliff Head operations achieved six years without a Lost Time Injury.

Project capital investment to first oil

A$327 million gross (ROC net A$123 million)

Remaining 2P reserves

ROC net 2.7 MMBBL at 31 December 2011 (ROC @ 42.5% following acquisition of CIECO's 5% interest *)

First production

1 May 2006

Average gross production rate for quarter ending 31 March 2012

3,289 BOPD (ROC net 1,398 BOPD)

JV participants and interests

Roc Oil (WA) Pty Limited (Operator)  *  42.5%
AWE Oil (Western Australia) Pty Ltd  27.5%
ARC (Offshore PB) Limited  30.0%

* Acquisition of 5% interest from CIECO Energy Australia Pty Ltd in progress and subject to final government approval (expected 2Q 2012).


 

Click here for Cliff Head geology and history

Share Price

ASX(A$)Price image (ASX)

Price updates are delayed by 20 minutes and are subject to ASX trading hours

Go to Investor Centre

Working with the fishermen

Working with the fishermen

Engaging with fishing communities and consulting with them on a routine basis...

Read more

2009 Sustainability Report

(1.8mb)


Download it here