GPC Reconnects FPSO Rubicon Intrepid Following Storm

GPC confirmed that production of the Galoc Field recommenced at 10:30 AM local time following reconnection of the FPSO Rubicon Intrepid to the Mooring and Riser System (M&RS). Disconnection had been undertaken due to adverse conditions associated with the recent severe tropical storm -- Chan-Hom (Emong) -- which passed to the north of the Galoc Field last Thursday, May 7.

The reconnection operation was initiated over the weekend once conditions had subsided sufficiently and was concluded with integrity testing of the system prior to recommencement of production. Connection of the secondary hold back mooring will be undertaken over the coming day or so.

This completes the first disconnect and reconnect cycle of the enhanced mooring arrangements that were installed in January / February this year. Such operations are likely to be undertaken on several occasions over the coming southwest monsoon / typhoon season which lasts from June to November in a typical year.

The Galoc field is located in Service Contract SC14-C (Galoc Sub Block) in 290m of water approximately 65km northwest of Palawan in the Republic of the Philippines. The development involved the construction of two subsea completed horizontal production wells, with extended reservoir contacts, tied back to a Floating Production Storage and Offloading ("FPSO") facility via a short seabed
pipeline and mid water riser system.