Search results for: Baragatan

22 results

A list of search results

  • 18 December 2013
    Business & Finance

    Nido Petroleum Limited  has signed a binding rig contract with UMW Standard Drilling Sdn Bhd (‘UMWSD’) for the Jack Up drilling rig “UMW Naga 5” to drill the Baragatan prospect, offshore the Philippines, on behalf of the SC 63 Joint Venture. The UMW Naga 5 is a newly built premium Jack Up drilling rig that […]

  • 22 May 2014

    Nido Petroleum Limited has, on behalf of SC 63 Joint Venture partners PNOC-EC and Dragon Oil (SC 63 Philippines) Limited, informed that the Baragatan-1 well is to be re-spudded

  • 12 May 2014
    Project & Tenders

     UMW Naga 5 jack-up drilling rig reaches its destination in the Philippines, with spud expected later this week.   Nido Petroleum Limited has, on behalf of the Service Contract 63 Joint Venture partners, PNOC-EC and Dragon Oil (Philippines SC 63) Limited, informed that the UMW Naga 5 jack-up rig arrived at the Baragatan-1 well location on 12 […]

  • 7 July 2014
    Business & Finance, Operations & Maintenance

    Nido Petroleum Limited advises that the Baragatan-1A well on the 6 July 2014 had reached a depth of 2,681 meters Measured Depth (2,328 meters TVD sub-sea) having drilled through the primary Pagasa Formation reservoir objective. The primary Pagasa Formation reservoir objective was encountered between 2,534 – 2,654 meters Measured Depth (2,209 – 2,305 meters TVD […]

  • 4 December 2013

    Nido Petroleum Limited has informed that the Philippines Department of Energy (‘DOE’) has formally confirmed its approval of the extension of the current Sub-phase at the SC63 block, offshore Palawan.   Sub-phase 2b as extended will now expire on 23 November 2014. “The Company is continuing to progress preparations for the drilling campaign in relation to […]

  • 16 January 2014
    Business & Finance

    Dragon Oil plc, an international oil and gas exploration, development and production company, announces that it has signed a farm-in agreement with Nido Petroleum Philippines Limited for Service Contract 63 (SC 63) NW Palawan Basin, offshore the Philippines. Under the terms of the agreement, the farm-in will be completed as a two-stage process, with Dragon […]

  • 26 May 2014

    Nido Petroleum Limited has informed that that the Baragatan-1A well, offshore Palawan, the Philippines, was successfully spudded on 25 May 2014.

  • 7 July 2014
    Business & Finance

    Nido Petroleum Limited on behalf of SC 63 Joint Venture partners PNOC-EC and Dragon Oil (Philippines SC 63) Limited has announced that the Baragatan- 1A well, offshore the Philippines, on July 6, 2014 had reached a depth of 2,681 meters Measured Depth (2,328 meters TVD sub-sea) having drilled through the primary Pagasa Formation reservoir objective. […]

  • 24 April 2014
    Business & Finance

    Nido Petroleum Limited has informed that the first stage of the farm-out process with Dragon Oil Plc involving the transfer of a 40% Participating Interest in Service Contract 63, offshore the Philippines, has been approved by the Department of Energy. Nido is now focusing on the second stage of the farm-out process, which subject to certain approvals being […]

  • 15 May 2014

    Drilling operation has started at the SC 63 block, located offshore Palawan, the Philippines.

  • 2 July 2014
    Business & Finance, Project & Tenders

    Nido Petroleum Limited on behalf of SC 63 Joint Venture partners PNOC-EC and Dragon Oil (SC 63 Philippines) Limited said today that the Baragatan- 1A well as at 2 July 2014 was currently at 2,457 meters Measured Depth (2,152.9 meters TVD subsea). Since the last update on 23 June 2014, continuing formation pressure and unstable well […]

  • 23 June 2014

    Nido Petroleum Limited on behalf of SC 63 Joint Venture partners PNOC-EC and Dragon Oil (Philippines SC 63) has said that Baragatan-1A well, offshore Palawan, the Philippines, as at 23 June 2014 was preparing to drill ahead in 8 ½ “ hole at 2,329 meters Measured Depth (2,055.9 meters TVD sub-sea). Drilling progress since the 9 5/8” […]

  • 19 May 2014
    Business & Finance, Project & Tenders

    Nido Petroleum Limited has executed the second stage of the SC 63 farm-in process with PNOC-EC. The terms of the farm-in with PNOC-EC are consistent with the original agreement with Dragon Oil PLc. Nido will now retain a net 20% Participating Interest in SC 63 and in exchange for the divestment of the Company’s net […]

  • 19 May 2014

    Nido Petroleum Limited has executed the second stage of the SC 63 farm-in process with PNOC-EC in the Philippines.

  • 5 May 2014
    Business & Finance, Project & Tenders

    Nido Petroleum Limited on behalf of the Service Contract 63 Joint Venture partners Nido Petroleum Philippines Pty Ltd, PNOC-Exploration Corporation and Dragon Oil Plc, has announced that the “UMW Naga 5” jack-up rig started mobilisation from Singapore to the Baragatan location in SC 63, offshore, the Republic of the Philippines on Friday 2 May 2014 at 6.15 […]

  • 26 November 2013

    Nido Petroleum Limited has confirmed that the SC 63 Joint Venture is awaiting approval of a 12 month extension from the Department of Energy (‘DOE’) in the Philippines for the current sub-phase. Sub-phase 2b once extended will expire on 23 November 2014. The Department has assured PNOC Exploration Corporation that the Joint Venture can continue with its preparations […]

  • 11 July 2014
    Business & Finance, Operations & Maintenance, Research & Development

    Dragon Oil plc, an international oil and gas exploration, development and production company, has published a quarterly update on the drilling activity in the Cheleken Contract Area, Turkmenistan, and its exploration assets in the second quarter of 2014 and production numbers for 1H 2014. Turkmenistan In 2Q 2014, Dragon Oil completed the following wells in the […]

  • 8 November 2013

    Nido Petroleum Limited has signed a Letter of Intent (‘LOI’) with a preferred rig contractor to drill the Baragatan prospect in Service Contract 63. Under the terms of the LOI the Company said it was unable to disclose the name of the rig contractor until a binding contract is executed between the parties. The Jack Up Drilling Unit […]

  • 13 March 2014

    Malaysia’s UMW Oil & Gas is set to receive its Naga 5 jack-up rig one month ahead of schedule, Maybank Research said.

  • 5 August 2014
    Business & Finance, Operations & Maintenance

    Dragon Oil has reported operating profits of $388.5 million for the six months to the end of June, 20% up on last time. Revenues were 11% higher at $547.0 million and profit for the period rose by 20% to $289.0m. Average gross production rate was approximately 73,440 barrels of oil per day compared to 73,600 bopd […]

  • 28 June 2013

    Nido Petroleum Limited has executed three separate Farm-in Agreements with Lundin Petroleum B.V. to participate in the Gurita, Baronang and Cakalang PSCs located in the Penyu and West Natuna basins, offshore in the Republic of Indonesia. Under the terms of the Baronang and Gurita Farm-in Agreements, Nido will earn a 10% participating interest in each […]

  • 3 July 2014
    Business & Finance

    Malaysia’s UMW Oil&Gas has received contract from Frontier Oil Corporation for the provision of a jack-up rig for the company’s drilling campaign offshore the Philippines. The rig will be used for the KJF-1 and KJF-2 Drilling Programme in the KJF Field SC50 Block (formerly Calauit Field), offshore Palawan in the Philippines. The contract will be utilising UMW NAGA […]