Nido Expects First Oil from Galoc in May

Nido Petroleum reported that the last remaining item in the development sequence is the mobilization, hook-up and on-site commissioning of the FPSO and the subsea equipment. Pre-commissioning work on the FPSO is continuing at Batangas, some 120km south of Manila, and the Operator has advised that this process is ongoing. As advised in our last release, first oil is expected in early May 2008.

Nido will provide the market with a weekly project summary each Wednesday and will continue to notify the market immediately of material events throughout the Galoc development program.


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Production Operators
Expertise: Production Operator
Location: Panama City, FL
Associate Chemist Oilfield Production Chemicals/ Fracturing
Expertise: Chemist|Fracturing
Location: Houston, TX
Equipment Operator - San Antonio
Expertise: Coil Tubing|Driller|Production Operator
Location: San Antonio, TX
search for more jobs

Brent Crude Oil : $51.46/BBL 4.63%
Light Crude Oil : $48.9/BBL 4.78%
Natural Gas : $3.18/MMBtu 0.90%
Updated in last 24 hours