Nido Petroleum spudded the Galoc-7 appraisal well offshore The Philippines, with the Deepsea Metro I that just set sail from Malaysia earlier this week for the project.
The Galoc field is 70km west of Culion Island in the northwest Palawan basin, in Block C1 of Service Contract 14 at 320m water depth. It is produced using the Rubicon Intrepid floating production unit.
The reservoir depth is 2100–2200m with a 57+m gross oil column consisting of early Miocene turbidite sandstone with 16+% average reservoir porosity. T
The development of the Galoc field began in October 2007. Phase 1 of the program consisted of
two horizontal subsea wells tied back to Rubicon Intrepid floating production storage and offtake in February 2008. First production from the FPSO was achieved on 9 October 2008.
Turret mooring and riser system installed in Q1 2012 to minimize production disruptions and HSSE risks.
Phase 2 was successfully commissioned in December 2013.
Galco field is operated on behalf of the SC 14C1 joint venture by Galoc Production Co. (GPC). The joint venture consists of Nido (55.88%); Kuwait Foreign Petroleum Exploration (26.85%); Oriental Petroleum & Minerals Corp. and Linapacan Oil Gas & Power Corp. (7.78%); Philodrill Corp. (7.22%), and Forum Energy (2.27%).
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