Rick Wilkinson
OGJ Correspondent
MELBOURNE, Sept. 23 -- Perth-based Nido Petroleum Ltd.'s Yakal-1 wildcat in SC54 of the Northwest Palawan basin off the Philippines has encountered a 66-m gross oil column.
No definitive oil-water contact has been determined.
Nido will evaluate the find with a logging suite and fluid sampling to clarify the extent of the column below 1,839 m.
The jack up rig WilBoss drilled Yakal-1 to 1,975 m TD. Yakal-1 is the first exploration well drilled in the area in the past decade.
Nido holds a 60% interest, and joint venture partner Kairiki Energy has the remaining 40%.
