Otto Energy Limited, as operator of the producing Galoc oilfield joint venture offshore the Philippines, provides the following update on the Galoc-5H and Galoc-6H drilling campaign in SC14C, part of the Galoc Phase II development approved in 2012.

Progress Otto advises that the drilling rig "Ocean Patriot" has commenced mobilisation from Singapore and is currently under tow with the tug Pacific Battler. The rig has completed its five-year survey works and also the load out of drilling equipment required for the campaign. It is being accompanied by support vessels during the sail to the Galoc oil field. The Ocean Patriot is expected to take approximately 10 days to arrive in the field. After the rig is anchored, it will proceed to spud the Galoc-5H and Galoc-6H wells.

Tags: Otto Energy Limited