The company’s partially-owned subsidiary BC Petroleum, which was incorporated to manage the Balai Cluster risk service contract (RSC), received approval from Malaysia’s Petronas.
Roc chief executive Alan Linn said the process of applying for the first phase of oil development has yielded positive results for the company.
“In the process, we have also identified additional potential within the cluster area and will be proposing further study and appraisal activity in support of the next stage of potential development from Bentara and associated fields,” he said.
The
