Production Shut-In at Galoc Oil Field

Production was shut-in at the Galoc oil field due to adverse weather conditions. The Rubican Intrepid FPSO was disconnected from the mooring and riser system, and while production is shut-in, the owner of the vessel, Rubicon Offshore International will perform repairs to the FPSO. Located 37 miles (60 kilometers) northwest of Palawan Island in the Philippines, the Galoc oil field is situated in the North West Palawan Basin on Block C of Service Contract 14.

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Brent Crude Oil : $44.82/BBL 2.60%
Light Crude Oil : $42.53/BBL 1.61%
Natural Gas : $2.89/MMBtu 0.68%
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