Galoc-7ST-1 reaches total depth

May 2, 2017

Nido Petroleum said that a total depth of 2569m was reached in the Galoc-7ST-1 well, which is being drilled by the Deepsea Metro I rig, having drilled through the Galoc clastic unit reservoir interval.

Located offshore in the Philippines, the Deepsea Metro I is now in the process of plugging and abandoning the Galoc-7ST-1 well ahead of demobilizing the rig. The objective reservoir interval for the Galoc-7ST-1 well was encountered between 2412-2561m with a gross thickness of 122m and net reservoir thickness of 12m.

The net reservoir interval consists primarily of interbedded sandstone and claystone. Preliminary logging whilst drilling and wireline log data which was recorded through this interval indicate the reservoir unit contains hydrocarbons.

At this stage, the Galoc-7ST-1 well results, in combination with the Galoc-7 results, are being evaluated by the company and the results of both wells will be incorporated into the relevant subsurface models to assess the commerciality of a potential phase three development.



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