BC chief executive and Roc chief operating officer Rolf Stork said securing project financing would help Roc fund its growth plans throughout China, South East Asia and Australia.
Roc has contributed $30 million to the project to date, while the total cost of the predevelopment phase is believed to be between $200 million and $250 million.
Work done since the beginning of the year included the fabrication of four wellhead platforms and the purchase of an oil tanker and the start of its conversion to an Early Production Vessel, Roc said.
