Australian oil exploration firm Nido Petroleum Ltd. said yesterday it has discovered another potentially major oil and gas deposit in Northwest Palawan. In a report, Nido said it found oil and gas potential in Service Contract 58 (West Calamian block) in Northwest Palawan, which is adjacent to the Malampaya gas field. Nido said a deepwater seabed [...]
Posts Tagged ‘Oil exploration’
Nido Petroleum bares new oil, gas find (9/22/2010)
Posted in Philippine Star News, tagged Oil exploration on September 22, 2010 | Leave a Comment »
Australia’s Tap Oil gives up Sulu Sea block (8/13/2010)
Posted in Philippine Star News, tagged Oil exploration on August 13, 2010 | Leave a Comment »
Australian oil exploration firm Tap Oil Ltd. said yesterday it had relinquished an exploration block in the Sulu Sea in southern Philippines. In a report, Tap Oil said it has not seen much prospects in continuing its efforts to explore Service contract 41. “It was concluded that a well was not appropriate at this time [...]
Nido sees 90 more oil prospects in Palawan (8/09/2010)
Posted in Inquirer News, tagged Oil exploration on August 9, 2010 | Leave a Comment »
Australian firm Petroleum Ltd. said it had identified more than 90 prospects within offshore northwestern Palawan alone, which were estimated to be holding as much as 11.4 billion barrels of oil. In a presentation before the Australian Energy Pacesetters Conference, Nido Petroleum said these prospective areas were located within its five service contract areas: Service [...]
Galoc oil field yield falling (7/30/2010)
Posted in Inquirer News, tagged Galoc, Oil exploration, Oil production on July 30, 2010 | Leave a Comment »
THE JOINT venture operating the Galoc oil field in offshore Palawan has already produced 5.14 million barrels of oil as of end-June, depleting over half of the estimated reserves of 10 million barrels. In a regulatory filing, Australian firm Otto Energy Ltd. said the joint venture was able to deliver a total of 15 oil shipments [...]
PNOC-EC seeks new partners for Mindoro exploration areas (7/02/2010)
Posted in Philippine Star News, tagged Oil exploration, PNOC-EC on July 2, 2010 | Leave a Comment »
State-run PNOC Exploration Corp. is scouting for new partners for its Mindoro exploration areas. PNOC-EC vice president Leocadio Ostrea said they have been holding talks with at least four interested foreign groups for a possible farm-in agreement. PNOC-EC is farming out shares in its service contract in offshore Mindoro and East Sabina. “We are in talks [...]
Contracts for oil, gas resources up for grabs (6/28/2010)
Posted in Inquirer News, tagged Exploration, Natural gas, Oil exploration, Service contracts on June 28, 2010 | Leave a Comment »
Energy execs push PECR to tap millions of barrels CONTRACTS for the exploration and development of up to 10 prospective oil and gas areas in the country are expected to be auctioned off once the Department of Energy (DOE) gets a new man to steer its helm. The DoE has already identified 16 prospective sedimentary [...]
Nido Petroleum to drill five more oil wells (6/28/2010)
Posted in Business World News, tagged Oil exploration, Tindalo on June 28, 2010 | Leave a Comment »
AUSTRALIA’S Nido Petroleum Ltd. is planning to roll out a 24-month exploration program soon to test potential “high-value” prospects off northwestern Palawan, following the flow of first oil at its Tindalo-1 well last month. Nido Petroleum President and Chief Executive Jose Victor A. de Dios told BusinessWorld in a telephone interview the company is planning [...]
Energy department sets meeting on offshore oil drilling safety procedures (6/22/2010)
Posted in Business World News, tagged Offshore drilling, Oil exploration on June 22, 2010 | Leave a Comment »
THE DEPARTMENT of Energy (DoE) will be reviewing rules on offshore oil drilling this week in light of the continuing oil spill in the Gulf of Mexico. Energy Secretary Jose C. Ibazeta said in a statement yesterday that the department will be holding a meeting of interested parties on June 24 to discuss oil drilling [...]
Nido Petroleum confirms better-than-expected oil flow (6/16/2010)
Posted in Philippine Star News, tagged Oil exploration, Oil production, Tindalo on June 16, 2010 | Leave a Comment »
Australia-based Nido Petroleum Ltd. said the flow of oil in its Tindalo oil well in Northwest Palawan has surpassed their expectations. In a report, Nido said some 56,708 barrels of oil along with approximately 5,384 barrels of water have been produced from the well. “The well productivity exceeded expectations with high rate testing confirming well [...]
‘$500M needed to bring up oil from Sulu Sea’ (6/11/2010)
Posted in Business World News, tagged Oil exploration on June 11, 2010 | Leave a Comment »
MULTINATIONAL oil company Exxon Mobil Corp. may have to sink in as much as $500 million for its oil exploration site in Sulu Sea to be able to produce crude, the head of the Energy department said yesterday. “For [Exxon Mobil], my estimate is they will easily be putting in $500 million for their work [...]
