A unit of Otto Energy Ltd., Perth, heads a group that is drilling two horizontal wells in a second development phase at Galoc oil field offshore the Philippines.
The company expects the Galoc-5H and 6H wells, being batch-drilled in 311 m of water each with a planned 2,000-m lateral, to begin producing in the fourth quarter to the Rubicon Intrepid floating production, storage, and offloading vessel.
Each well is to have 5,000 m of total drilled footage with a horizontal section at 2,190 m true vertical depth in the reservoir, a turbiditic sandstone in the Miocene Galoc formation in the Palawan basin.
Galoc field, on Service Contract SC14C 65 km northwest of Palawan Island and 350 km south of Manila, has produced more than 10 million bbl since being commissioned in 2008. Output had fallen to 4,556 b/d in the quarter ended June 30, down 4.6% from the prior quarter.