Otto Energy updates Galoc status after Typhoon Haiyan

Otto Energy Ltd., operator of the Galoc oilfield joint venture in SC14C offshore the Philippines, reports that, in the aftermath of Super Typhoon Haiyan, all personnel are safe and unharmed, and the FPSO and subsea infrastructure sustained only minor damage.

Offshore staff

SYDNEY, AustraliaOtto Energy Ltd., operator of the Galoc oilfield joint venture in SC14C offshore the Philippines, reports that, in the aftermath of Super Typhoon Haiyan, all personnel are safe and unharmed, and the FPSO and subsea infrastructure sustained only minor damage.

As the storm passed through the Galoc field Nov. 8-9, sea states and wind speeds were reported to be the most severe ever experienced in the area. Production from the field was suspended as a precautionary measure on Nov. 8, and the floating production vessel was de-manned to essential personnel only.

Production has now resumed, and equipment installation for the final stages of the Galoc Phase II project has also restarted.

11/11/2013

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