Otto Shuts-In Galoc Field

Otto provided the following update regarding the shut-in of the FPSO Rubicon Intrepid and the Galoc oil field for the previously announced upgrade works.

While the FPSO is out of field, seabed anchoring and riser modifications will be undertaken in preparation for the reconnection of the FPSO on return to the field in late 1Q 2012. Production will re-commence shortly after the FPSO reconnection.

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