Otto Energy has been advised by the field Operator, Galoc Production Company WLL (GPC), that there continues to be a delay in the recommencement of production at the Galoc oil field following a weatherrelated disconnection of the FPSO ‘Rubicon Intrepid’ in late June 2009.
The Galoc Oil Field is located in SC14c off the west coast of Palawan in the Philippines. Otto holds a 31.38% shareholding in GPC, which holds 59.84% working interest in the licence.
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Otto Energy Limited
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