A subsidiary of Nido Petroleum Ltd., Perth, will drill an appraisal well aimed at extending the productive life of Galoc oil field on Block C1 of Service Contract 14 offshore the Philippines.
The subsidiary, Galoc Production Co. WLL, has signed a contract with Golden Close Maritime Corp. Ltd. for the Deepsea Metro I drillship to drill the Galoc-7/7ST well. Odfjell Drilling manages the vessel.
Target depth of the well is 2,660 MD below the rotary table. Water depth at the drilling location is 540 m.
The contract, with a commencement window of Mar. 1-31, is for 4-5 weeks and includes a firm well and an optional sidetrack.
Galoc produces about 4,700 b/d of 35° gravity crude with 1.6% sulfur content from a gross oil column more than 57 m thick in early Miocene turbidite sandstone.
Subsea wells drilled in two development phases produce into the Rubicon Intrepid floating production, storage, and offtake vessel.
The new well will assess potential of a third development phase.
