UMW Naga 5 Heads to SC 63 in Palawan Basin to Drill Baragatan Prospect

Nido Petroleum Limited (Nido or the Company) on behalf of the Service Contract 63 (SC 63) Joint Venture partners Nido Petroleum Philippines Pty Ltd, PNOC-Exploration Corporation (PNOC-EC) and Dragon Oil Plc (Dragon Oil), reported Monday that the UMW Naga 5 (400' ILC) jackup commenced mobilization from Singapore to the Baragatan location in SC 63 in North West Palawan Basin offshore the Philippines on Friday May 2 at 6.15 pm AEST.

Nido will update the market once the jackup arrives on location at SC 63 which is anticipated to take 10 to 12 days.

Keppel FELS, which build UMW Naga 5, delivered the KFELS B Class jackup to UMW Oil & Gas Corporation Berhad last week.

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