Nido begins Galoc Phase 2 production

Nido Petroleum Ltd. has begun production from its Galoc-5H and 6H wells offshore the Philippines.

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

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