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.
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Nido Petroleum Limited
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