Welcome to the official website of Hainan Mining.
In 2019, Hainan Mining acquired 51% stake of Roc Oil, expanding the main business from iron ore to oil and gas business.
Roc Oil is an international oil and gas company with more than 20 years of operating experience, with full-cycle business capabilities from exploration and appraisal to development and production.
Currently, its major oil and gas projects are located in Sichuan,Beibu Gulf, Pearl River Estuary and Malaysia, with an daily production of more than 20,000 barrels equivalent.
20000barrels equivalent
Daily oil and gas production4728million barrels equivalent
Oil 2P reserves51billion cubic meters
Gas 2P reserves7800million barrels equivalent
Total oil and gas reserves of 2PThe above reserve base date is on September 30,2022
As a foreign-funded independent oil and gas developer, Roc Oil has cooperated with Petrochina, CNOOC and PETRONAS to carry out oil and gas exploration, appraisal and development business, and to share the cost and calculate the revenue in accordance with the agreed proportion of equity, and its professional and technical capabilities are highly recognized by the partners.
In May 2021, ROC Oil acquired 100% of the operating rights of the Bajiao gas field in Sichuan, significantly increasing the business share of natural gas.
After theHydrocarbon removal pressurization project put into operation in the first half of 2023, the daily production has been raised to 2 million cubic meters by the end of June, achieving a significant growth compared to the daily production of 1.2 million cubic meters in 2022.
Equity production in 2022: 2.4 million barrels equivalent
Roc Oil has entered the Malaysian offshore oil and gas field project located Sarawak since January 1, 2014, and responsible for subsurface oil storage, well intervention, new facility projects and field redevelopment drilling.
After entering the project, Roc Oil has organized development drilling evaluation and applied innovative technologies , which not only reversed the previous decline in production, but also achieved the target of exceeding the expected production. From 2014 to the end of 2022, the project's total oil production exceeded 31 million barrels.
Equity production in 2022: 1.77 million barrels equivalent
The oil contract of Beibu Gulf 22/12 area was signed in December 1999, the WZ12-8W/6-12 oil field was officially put into production in April 2013. The cooperative field was full of difficulties in the early stage, but both teams made bold breakthroughs and innovations, the cooperative field was finally developed economically and effectively.
The field has been operating well since its commencement of production and has continued to produce at exceeded production levels. As of the end of the first quarter of 2023, the cumulative oil production was 34.48 million barrels, and the production of the field still remains at a level of around 10,000 barrels per day after 10 years of production.
Equity production in 2022: 890,000 barrels equivalent
Roc Oil and CNOOC signed the oil contract for the first exploration project in the eastern part of the South China Sea in 2015 and acted as the operator of this exploration block. In October 2022, the Huizhou 12-7 oil field located in this contract area received a major exploration breakthrough, with the exploration wells encountering a total of nearly 50 meters of net oil layer (plumb thickness) in the Paleocene Epping Formation strata.
In June 2023, the Huizhou 12-7 oil field received approval from the relevant authorities of the Chinese government to add nearly 10 million tons of proven geological reserves of oil.
