Nido Petroleum Company News

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Philippines' Galoc Phase 3 Oil Field Development Plan for Start-up in 2019
Nido Petroleum says Phase III development of the Galoc oil field offshore the Philippines is expected to commence production in 2019.
8:00 PM EST | August 16, 2016
Partners Nearer to Further Development of Galoc Oil Field Offshore Palawan
Nido Petroleum says an independent resource assessment of the mid-Galoc area offshore Palawan in the Philippines is a step forward to further develop the Galoc oil field.
8:00 PM EST | July 13, 2015
Otto Energy Completes Sale of Galoc Production Co. Stake to Nido for $106M
Otto Energy completes sale of its interest in Galoc Production Co. to Nido Petroleum for around $106 million.
7:00 PM EST | February 16, 2015
Philippines DOE Approves PNOC-EC's Transfer of 10% Stake in SC 63 to Nido
The Philippines Department of Energy approves the transfer of 10 percent stake in Service Contract 63 offshore the Philippines by PNOC-EC to Nido Petroleum.
7:00 PM EST | January 08, 2015
Otto Energy Accepts Nido's $108M Offer to Acquire Galoc Production Company
Otto Energy accepts Nido Petroleum's $108 million offer to acquire its 100 percent stake in Galoc Production Company.
7:00 PM EST | December 11, 2014
Lundin Abandons Gobi-1 Exploration Well in Natuna Sea as a Dry Hole
Lundin completes drilling at Gobi-1 prospect in Gurita production sharing contract in Indonesia's Natuna Sea, Indonesia with the well abandoned as a dry hole.
8:00 PM EST | October 26, 2014
Drilling Underway at Gobi-1 Well in West Natuna Basin's Gurita PSC
Nido Petroleum reports that drilling is underway at Gobi-1 exploration well in the Gurita production sharing contract in West Natuna Basin, offshore Indonesia.
8:00 PM EST | October 16, 2014
Lundin Spuds Gobi-1 Well in Natuna Sea with Hakuryu-11 Jackup
Lundin spuds the Gobi-1 exploration well in the Gurita production sharing contract in Natuna Sea, Indonesia.
8:00 PM EST | October 12, 2014
Hakurya-11 Commences Mobilization to Gobi-1 Well in Indonesia's Gurita PSC
Hakuryu-11 jackup commences mobilization to the Gobi-1 well in Gurita production sharing contract in West Natuna Basin, offshore Indonesia.
8:00 PM EST | October 08, 2014
Drilling at Gobi-1 Well in West Natuna Basin's Gurita PSC Set for October
Nido Petroleum expects drilling to commence at Gobi-1 exploration well in Gurita PSC in West Natuna Basin, offshore Indonesia in mid-October.
8:00 PM EST | September 22, 2014
Thailand's BCPE Gains Majority Ownership of Takeover Target Nido Petroleum
Thai refiner Bangchak Petroleum's unit BCPE gains majority ownership of its takeover target Nido Petroleum.
8:00 PM EST | September 15, 2014
Nido Updates on Reserves, Activities at Galoc Oil Field Off the Philippines
Nido Petroleum updates on reserves and activities at Galoc oil field in Service Contract 14 C1 offshore the Philippines.
8:00 PM EST | August 26, 2014
Lundin to Drill Gobi-1 Well in Gurita PSC in West Natuna in Late September
Nido Petroleum reveals that the Gobi-1 well in Gurita production sharing contract in Indonesia's West Natuna Basin is expected to spud in late September.
8:00 PM EST | August 20, 2014
Nido's Directors Recommends Acceptance of Bangchak's Takeover Offer
Nido Petroleum's directors recommend that shareholders accept the offer by a unit of Thai oil refiner Bangchak Petroleum to acquire the firm.
8:00 PM EST | August 03, 2014
Thai Bangchak to Buy Stake in Australia's Nido Petroleum
Thai oil refiner Bangchak Petroleum's subsidiary signs a deal to buy a 19.66 percent stake in Australian oil-and-gas explorer Nido Petroleum Ltd for $20.7 million.
8:00 PM EST | July 30, 2014
Nido Fails to Find Commercial Hydrocarbons at Baragatan-1A Well in SC63
Nido Petroleum fails to find commercial hydrocarbons at the Baragatan-1A well in Service Contract 63, offshore the Philippines.
8:00 PM EST | July 07, 2014
SC63 JV Continues Drilling at Baragatan-1A Well in SC63 Off the Philippines
Nido Petroleum updates on drilling at the Baragatan-1A well in Service Contract 63, offshore the Philippines.
8:00 PM EST | July 01, 2014
Nido Commences Drilling at Baragatan-1A Well in SC 63 Off the Philippines
Nido Petroleum commences drilling at the Baragatan-1A well in Service Contract 63, offshore the Philippines.
8:00 PM EST | May 26, 2014
Nido to Drill the Philippines's Offshore Baragatan-1 Well in SC 63 Again
Nido Petroleum to drill the Baragatan-1 well in Service Contract 63 offshore the Philippines again after encountering an unstable geological zone in the original drilling site.
8:00 PM EST | May 21, 2014
Nido Executes Second Stage of Farm-in Process for SC 63 in the Philippines
Nido Petroleum executes the second stage of farm-in process with PNOC-EC for Service Contract 63 in north west Palawan Basin offshore the Philippines.
8:00 PM EST | May 18, 2014
UMW Naga 5 Spuds Baragatan-1 Well in SC 63 Offshore Philippines
Nido Petroleum spuds the Baragatan-1 exploration well in Service Contract 63, offshore the Philippines with newbuild jackup UMW Naga 5.
8:00 PM EST | May 14, 2014
UMW Naga 5 Heads to SC 63 in Palawan Basin to Drill Baragatan Prospect
Nido Petroleum reports that UMW Naga 5 is expected to arrive at the Baragatan prospect in Service Contract 63 in the Philippines' Palawan Basin in mid-May for a drilling assignment.
8:00 PM EST | May 04, 2014
Nido Prepares to Drill Baragatan-1 Well in SC63 in Palawan Basin in May
Nido Petroleum discloses that preparations to drill the Baragatan-1 well in Service Contract 63 in north west Palawan Basin offshore the Philippines in May is in the final stages.
8:00 PM EST | April 23, 2014
GCA Reports Higher Reserves at West Linapacan 'A' Field off Palawan Island
Nido Petroleum reveals increased reserves booking from the West Linapacan 'A' oil field in Service Contract 14C2 offshore Palawan Island, Philippines.
8:00 PM EST | April 08, 2014
Nido Terminates SPAs with Colossal for Upstream Assets in the Philippines
Nido Petroleum announces that termination of sale and purchase agreements inked with Colossal Petroleum for some of its upstream assets offshore the Philippines.
8:00 PM EST | March 30, 2014
Lundin Finds Minor Gas Shows at Boni-1 Side-Track Well in Natuna Sea
Lundin Petroleum finds minor gas shows when drilling Boni-1 side-track well in the Baronang Production Sharing Contract in Indonesia's Natuna Sea.
8:00 PM EST | March 11, 2014
Lundin Completes Drilling at Balqis-1 Well in Baronang PSC in Natuna Sea
Lundin Petroleum completes drilling at Balqis-1 well in the Baronang production sharing contract in Indonesia's Natuna Sea.
7:00 PM EST | March 03, 2014
Nido Ups Participating Interest in Baronang PSC in Natuna Sea to 15%
Nido Petroleum increases its participating interest in the Baronang Production Sharing Contract (PSC) in the Natuna Sea, Indonesia to 15 percent.
7:00 PM EST | February 23, 2014
Harkuya-11 Mobilizing to Drill Balqis-1 Well in Baronang PSC in Indonesia
Nido Petroleum reports that Hakurya-11 jackup is mobilizing to drill Balqis-1 well in the Baronang Production Sharing Contract in Indonesia.
7:00 PM EST | February 04, 2014
Dragon Oil Agrees to Take a 40% Stake in SC 63 in NW Palawan Basin
Nido Petroleum agrees to farm out 40 percent of its 50 percent stake in Service Contract 63 in North West Palawan Basin off the Philippines to Dragon Oil.
7:00 PM EST | January 15, 2014
Hakurya-11 Prepares to Mobilize to Baronang PSC in Indonesia
Nido Petroleum reports that Hakurya-11 jackup is waiting for an appropriate weather window before mobilizing for drilling at the Baronang Production Sharing Contract in Indonesia.
7:00 PM EST | January 07, 2014
Philippine DOE Extends Subphase 2b for SC 63 off Palawan Island
Nido Petroleum reports that Philippines' Department of Energy has extended sub-phase 2b for Service Contract 63 off Palawan Island in the Philippines to November 2014.
7:00 PM EST | December 03, 2013
Galoc Phase II Project to Commence Oil Production in Early December
Nido Petroleum reports that Galoc Phase II development is expected to commence production in early December.
7:00 PM EST | November 28, 2013
Nido Sells Non-Core Assets in the Philippines to Colossal Petroleum
Nido Petroleum sells its non-core assets in the Philippines to a Philippine-incorporated resources focused company Colossal Petroleum Corporation.
7:00 PM EST | November 25, 2013
JV Awaits Government Approval to Extend SC63 Project
Nido Petroleum discloses that partners in Service Contract 63 off Philippines' Palawan Island is awaiting government approval for a 12 month extension for the current sub-phase of the project.
7:00 PM EST | November 24, 2013
Nido Signs LOI for Jackup to Drill Baragatan Prospect in SC63
Nido Petroleum signs a letter of intent for a jackup to drill the Baragatan prospect in Service Contract 63 off Philippines' Palawan Island.
7:00 PM EST | November 10, 2013
Hakuryu-11 to Commence Drilling in Baronang, Gurita PSCs in November
Nido Petroleum discloses details on the drilling program for Baronang and Gurita Production Sharing Contracts off Indonesian in November by Japan Drilling Company's Hakuryu-11 jackup.
8:00 PM EST | October 15, 2013
SC14C2 Partners Ready to Commence FEED for West Linapacan 'A' Field
Nido Petroleum reveals that the Service Contract 14C2 joint venture is ready to commence front end engineering and design work for the Linapacan 'A' oil field off the Philippines.
8:00 PM EST | September 04, 2013
West Linapacan Reserves Audit Nears Completion
Nido Petroleum reports that reserves audit by Gaffney Cline & Associates for the West Linapacan A field in the Philippines is nearing completion.
8:00 PM EST | July 30, 2013
SC54 Joint Venture Given Extension for Sub-Phase 6
Nido Petroleum says partners in Service Contract 54A, located off the Philippines, have been given a 12 month extension for Sub-Phase 6 of the project.
8:00 PM EST | July 08, 2013
Nido Farm-in to Three PSCs off Indonesia
Nido Petroleum signs agreement with Lundin Petroleum to farm-in to three Production Sharing Contracts off Indonesia.
8:00 PM EST | June 27, 2013
Nido Expects West Linapacan Oil Project Reserves Report Soon
Nido Petroleum expects to receive an audited reserves report for the West Linapacan Oil Field redevelopment project in the Philippines soon.
8:00 PM EST | June 12, 2013
Nido to Acquire Additional Seismic Data at SC 58
Nido Petroleum, as Operator of Service Contract 58 (SC 58) announced the acquisition of new 2D seismic in SC 58.
7:00 PM EST | January 23, 2012
Seismic Ops Begin at Nido's Pawikan Lead
Nido Petroleum Philippines, as Operator of Service Contract 54B (SC 54B), announced the commencement of 2D seismic operations in SC 54B.
7:00 PM EST | November 07, 2011
Nido CEO to Resign
Nido advised that the Chief Executive Officer, Mr. Jocot de Dios, has given notice to the Board that he will not be renewing his employment contract.
8:00 PM EST | October 18, 2011
PNOC Briefs Drilling Update at SC 63 in Manila
PNOC, as Operator of SC63, announced that detailed pre-planning for the SC 63 commitment well has commenced and is being undertaken at PNOC EC's head office in Manila.
8:00 PM EST | September 13, 2011
Nido to Acquire Additional 2D Seismic at SC 54B
Nido has advised Kairiki that it is currently reviewing the opportunity to acquire further 2D seismic in the next few months over the Pawikan lead utilizing a seismic vessel that may be in the area at that time.
8:00 PM EST | August 18, 2011
Nido Spies O&G Column at Ginadara-1 Well
Preliminary interpretation of wireline log data suggests that the recently drilled Gindara-1 exploration well discovered a 187 meter hydrocarbon column.
8:00 PM EST | June 30, 2011
Nido Reaches TD at Gindara Well
The Gindara-1 well has been drilled from 3,530 meters MD to the revised TD of 3,660 meters MD in the primary Nido Limestone reservoir section.
8:00 PM EST | June 16, 2011
Nido Notes Drilling Ops at Gindara Well
Nido, on behalf of the SC 54B Joint Venture, provided the following update on the Gindara-1 well.
8:00 PM EST | June 08, 2011