Offshore staff
SYDNEY, Australia-- Nido Petroleum Ltd. has begun production from its Galoc-5H and 6H wells offshore the Philippines. The company reports that this is a significant milestone as the cashflow from Galoc Phase 2 underpins Nido’s intensive operational schedule for the next year.
In 2014, Nido plans to drill at least four exploration wells in the Philippines and Indonesia, and to also move toward a development decision at West Linapacan.
12/05/2013
