Scandoil  

Nido's Galoc Oil field produces in excess of 2 million barrels to end July


Published Aug 29, 2014
Nido Petroleum Limited

Nido Petroleum Limited says that production performance from Galoc field has remained strong since start-up of Phase II in December 2013. The field has produced in excess of 2 million barrels (gross) in the first 8 months of Phase II production to end July.

Production between Jan. 1 and July 31 has been 1.8 million barrels (gross). Nido expects a total of 10 cargoes will be delivered from the field during 2014, with 7 cargoes already sold this year going to local South East Asian refineries.

Tags: Nido Petroleum Limited




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