Galoc Phase II Project to Commence Oil Production in Early December

Southeast Asia-focused oil and gas exploration and production company Nido Petroleum Limited reported Thursday that work on the Galoc Phase II development in Service Contract 14C in the Palawan Basin, offshore Philippines is progressing well.

Development work for Galoc Phase II project was disrupted recently when Typhoon Haiyan swept across part of the Philippines a few weeks ago. However, work resumed quickly at the Galoc oilfield to install equipment for the final stages of the Galoc II project.

Subsea installation activities to connect the Galoc 5-H and Galoc 6-H wells into the floating production, storage and offloading (FPSO) Rubicon Intrepid are nearing completion.

"The Operator, Galoc Production Company WLL, expects that production from the Phase II wells will commence early next week," Nido said in a press release.



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