Search results for: Galoc

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A list of search results

  • 21 December 2012

    Otto Energy Ltd , the 33%-owner and operator of the producing Galoc oil field joint venture offshore the Philippines, has provided the following update in relation to the Galoc Phase II development. Execution of Financing Facility Agreement Otto has entered into a binding agreement with BNP Paribas to provide US$37.4 million in project financing for […]

  • 4 November 2013
    Project & Tenders

    Otto Energy Limited,  the operator of the producing Galoc oilfield joint venture offshore the Philippines has provided an update on the Galoc Phase II project in SC14C. During the period from 0600 hours (AWST) on 21st October 2013 to 0600 hours (AWST) on 4th November 2013, the Galoc- 6H well was secured and the drilling rig Ocean Patriot pulled anchors, demobilised […]

  • 17 July 2013
    Business & Finance, Operations & Maintenance

    Otto Energy Limited, as operator of the producing Galoc oilfield joint venture offshore the Philippines, provides update on the Galoc-5H and Galoc-6H drilling campaign in SC14C, part of the Galoc Phase II development approved in 2012. Progress During the period from 0600 hours (AWST) on 10 July 2013 to 0600 hours (AWST) on 17 July […]

  • 20 July 2012
    Business & Finance, Project & Tenders

    Nido Petroleum Limited announce that its wholly owned subsidiary, Nido Production (Galoc) Pty Ltd, has signed a senior secured debt facility with Standard Bank pic for up to a maximum of US$30 million for a term of three years. The facility will provide a significant portion of Nido’s share of funding for the Galoc oil […]

  • 8 July 2011
    Business & Finance

      Otto Energy Ltd. attach an announcement by the Galoc Production Company (GPC) regarding an upgrade of the mooring and riser system for the FPSO Rubicon Intrepid operating at the Galoc field. The new turret mooring system is designed to substantially increase the reliability and uptime of the FPSO and is a crucial component to […]

  • 4 November 2013
    Business & Finance, Operations & Maintenance

    Otto Energy Limited (“Otto”), as operator of the producing Galoc oilfield joint venture offshore the Philippines, provides the following update on the Galoc Phase II project in SC14C. During the period from 0600 hours (AWST) on 21st October 2013 to 0600 hours (AWST) on 4th November 2013, the Galoc-6H well was secured and the drilling […]

  • 9 October 2013
    Business & Finance, Equipment, Operations & Maintenance

    Otto Energy Limited, as operator of the producing Galoc oilfield joint venture offshore the Philippines, provides the following update on the Galoc-5H and Galoc-6H drilling campaign in SC14C, part of the Galoc Phase II development project approved in 2012. Progress During the period from 0600 hours (AWST) on 2nd October 2013 to 0600 hours (AWST) […]

  • 12 August 2011
    Business & Finance

    The Vitol Group today announces the sale of its 68.62% interest in the Galoc Production Company WLL (GPC), operator of the Galoc oil field, to its co-shareholder Otto Energy Limited for a total consideration of US$54 million. GPC was set up as a Vitol subsidiary in 2005 to hold a 58.29% participating interest in the […]

  • 2 May 2013

    Otto Energy Limited on behalf of the Galoc Joint Venture Partners in the Philippines, announces that Kuwait Foreign Petroleum Exploration Company (“KUFPEC”) has become a partner in the Galoc joint venture. The Galoc field is located in Service Contract SC14-C (Galoc Sub Block) in 290m of water approximately 65km  North West of Palawan Island and 350km south of […]

  • 10 March 2014
    Business & Finance, Project & Tenders

    Otto Energy Ltd provides an update on the Galoc oil field reserves in the Philippines as at 1 January 2014. The operator of the Galoc oil field, Galoc Production Company WLL, a wholly owned subsidiary of Otto, has commissioned an annual review of remaining oil reserves from RISC, an independent consulting firm. The annual review […]

  • 18 April 2017
    Exploration & Production

    ASX-listed oil and gas company Nido Petroleum will drill a sidetrack well on the Galoc field, in the Palawan Basin offshore Philippines, following inconclusive results from the appraisal well Galoc-7.  On behalf of the Galoc Joint Venture, Nido Petroleum informed on Tuesday that on April 13, 2017, the drillship Deepsea Metro I reached total depth of […]

  • 23 May 2013

    Otto Energy Limited, operator of the producing Galoc oilfield joint venture offshore the Philippines, has announced that the drilling rig “Ocean Patriot” has started mobilisation from Singapore and is currently under tow with the tug Pacific Battler. The rig has completed its five-year survey works and also the load out of drilling equipment required for the campaign. It is being […]

  • 5 December 2013
    Business & Finance, Operations & Maintenance

    Otto Energy Limited (“Otto”), on behalf of the Philippines Department of Energy (DOE) and the Galoc oil field Joint Venture, announces that production has commenced from the Galoc-5H and 6H wells drilled and completed under the Phase II development of the field. Commissioning of the Galoc Phase II project represents a major achievement for the […]

  • 17 July 2013
    Business & Finance, Project & Tenders

    Otto Energy Limited, as operator of the producing Galoc oilfield joint venture offshore the Philippines, has provided an update on the Galoc-5H and Galoc-6H drilling campaign in SC14C, part of the Galoc Phase II development approved in 2012. During the period from 0600 hours (AWST) on 10 July 2013 to 0600 hours (AWST) on 17 July 2013, drilled the G-6H […]

  • 22 September 2014
    Business & Finance, Project & Tenders

    Otto Energy Limited, the Australian exchange-listed oil company, has sold its stake in the Galoc field, in the Philippines, to Risco Energy Investments for $101.4 million.

  • 31 July 2013
    Business & Finance, Project & Tenders

    Otto Energy Limited, as operator of the producing Galoc oilfield joint venture offshore the Philippines, provides the following update on the Galoc-5 H and Galoc-6 H drilling campaign in SC14C, part of the Galoc Phase II development approved in 2012. During the period from 0600 hours (AWST) on 24 July 2013 to 0600 hours (AWST) […]

  • 11 September 2012
    Business & Finance, Operations & Maintenance

    Nido Petroleum Limited announces that the Galoc Joint Venture has approved the Final Investment Decision (FID) on the Phase II Development of the Galoc oil field in the North West Palawan Basin, offshore Philippines. The Phase II Development involves the drilling of two new horizontal wells tied back to the existing Floating Production, Storage and […]

  • 4 September 2013
    Business & Finance, Project & Tenders

    Otto Energy Limited, as operator of the producing Galoc oilfield joint venture offshore the Philippines, provides the following update on the Galoc-5H and Galoc-6H drilling campaign in SC14C, part of the Galoc Phase II development approved in 2012. During the period from 0600 hours (AWST) on 28 August 2013 to 0600 hours (AWST) on 4 […]

  • 26 September 2013
    Business & Finance, Project & Tenders

    Otto Energy Limited, as operator of the producing Galoc oilfield joint venture offshore the Philippines, provides the following update on the Galoc-5H and Galoc-6H drilling campaign in SC14C, part of the Galoc Phase II development project approved in 2012. During the period from 0600 hours (AWST) on 18 September 2013 to 0600 hours (AWST) on 25 September 2013, successfully completed running […]

  • 2 April 2012
    Business & Finance

    The Galoc Production Company (GPC), operator of the Galoc oil field offshore Palawan in the Philippines, advises that production has restarted from the Galoc field on 2 April 2012 following a planned shutdown for refurbishment of the Floating Production Storage and Offloading vessel (FPSO). During the shutdown, the FPSO Rubicon Intrepid has undergone planned re-certification, […]

  • 21 August 2013

    Otto Energy Limited, as operator of the producing Galoc oilfield joint venture offshore the Philippines, provides the following update on the Galoc-5H and Galoc-6H drilling campaign in SC14C, part of the Galoc Phase II development approved in 2012. During the period from 0600 hours (AWST) on 14 August 2013 to 0600 hours (AWST) on 21 August […]

  • 21 December 2012
    Business & Finance, Operations & Maintenance

    Otto Energy Ltd , the 33%-owner and operator of the producing Galoc oil field joint venture offshore the Philippines, has provided the following update in relation to the Galoc Phase II development. Execution of Financing Facility Agreement Otto has entered into a binding agreement with BNP Paribas to provide US$37.4 million in project financing for […]