Roc sees revenue rise

Australia's Roc Oil saw revenue rise during 2013 as output rose in line with its previous guidance.

The company generated US$251 million last year, up 4% on the US$242 million in sales revenue booked during 2012.

Helping drive the revenue increase was a 12% jump in production to an average of 7263 barrels of oil equivalent per day.

Roc chief executive Alan Linn noted Beibu Gulf development off China, where it holds a 19.6% stake, was completed during the final quarter of the year, with the fields averaging gross production of 14,816 barrels of oil per day during the final three months of the year.

Roc also revealed that output at the Blane oilfield in the North Sea had resumed following the completion of repairs to the Ula platform, with output averaging 7061 bpd during the fourth quarter.

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