Nido Updates on Reserves, Activities at Galoc Oil Field Off the Philippines

  • Reserves Gross (100 percent) Field Volumes MMstb
    • Developed Producing
      • Dec. 31, 2013: 1P - 11; 2P - 14; 3P- 18.2
      • July 31, 2014: 1P - 9.2; 2P - 11.9; 3P- 15.6

Managing Director Comment

Phil Byrne Nido’s managing director commented, “I am pleased with the continued strong production performance of the Galoc oil field and the excellent uptime performance being maintained by SC 14 C1 Operator Otto Energy. I look forward to the results of Operators technical studies towards the end of 2014, which I am confident will result in further expansion activities around the Galoc field area and/or drilling activities in the Mid Galoc exploration area.”


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