Search results for: Nido Petroleum

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  • 22 December 2011
    Business & Finance

    Nido Petroleum Philippines Pty Ltd, a subsidiary of Nido Petroleum Limited , and Total have executed a Joint Study and Bid Agreement (‘JSBA’) to evaluate exploration acreage released in the Philippines Energy Contracting Round No. 4 (‘PECR4’) by the Philippine Department of Energy (‘DOE’). On behalf of partner Total, Nido will undertake technical and commercial […]

  • 16 May 2011
    Business & Finance, Project & Tenders

    Nido Petroleum Philippines Pty Ltd (wholly owned subsidiary of Nido Petroleum Limited; on behalf of the SC 54B Joint Venture,  announces that the ‘Atwood Falcon’ deepwater semi-submersible drilling rig was mobilized from Labuan, Malaysia at 01:00 hours on 14 May 2011 and is due to arrive at the Gindara-1 location in the Philippines on or […]

  • 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 […]

  • 22 June 2012
    Business & Finance, Operations & Maintenance

    Nido Petroleum Philippines Pty Ltd, a subsidiary of Nido Petroleum Limited, as Operator of Service Contract 54, on behalf of the SC 54A and SC 54B Joint Venture Partners, wishes to advise that the Philippines Department of Energy (‘DOE’) have agreed to extend Sub-phase 6 for a period of twelve (12) months from 4 August […]

  • 4 August 2014
    Business & Finance

    Australia’s Nido Petroleum directors have recommended their shareholders to accept a takeover bid by BPC Energy International, a subsidiary of the Thai-based Bangchak Petroleum Public Company Limited.   Nido Petroleum Limited (Nido) and BCP Energy International Pte. Ltd (BCPE) have executed a bid implementation deed  in relation to an off-market takeover offer (the Offer) for […]

  • 24 May 2011
    Business & Finance

    Nido Petroleum Limited  on behalf of the SC 54B Joint Venture announces  correction of a statement made in the Memorandum to The Philippine Stock Exchange, Inc. released by the Department of Energy on 23 May 2011. Whilst drilling the 17-1/2” hole at 747 metres MD (725 metres TVDss) the drill string became stuck. Following jarring […]

  • 15 May 2014

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

  • 14 June 2013

    Nido Petroleum Limited has annonuced that its wholly owned subsidiary, Nido Petroleum Philippines Pty Ltd, has secured a 6 month extension from its Joint Venture partner in Service Contract 58, PNOC Exploration Corporation, to defer the ‘election to drill date’ under its farmin agreement from 30 June 2013 to 11 January 2014. Some Facts about Service Contract 58 […]

  • 13 September 2011
    Business & Finance

    An independent report has increased Nido Petroleum Limited’s prospective resources in the Company’s NW Palawan Basin, Philippines exploration portfolio. The report was completed by DeGolyer and MacNaughton (D & M). Gross prospective original oil in place resources (OOIP) is estimated to be 24 billion barrels for the top 20 prospects in the Company’s exploration portfolio […]

  • 9 June 2011
    Business & Finance, Project & Tenders

    Nido Petroleum Limited , on behalf of the SC 54B Joint Venture, provides the following update on the Gindara-1 well. The 9 5/8” casing has been successfully run to the casing setting depth of 3,337.6 metres MD (3,315.6 metres TVDss). The 9 5/8” casing is currently being cemented in-place. Following completion of casing operations, the […]

  • 17 November 2011
    Business & Finance

    Nido Petroleum Limited today provided the results of an independent reserves audit of the Galoc oil field up to 30 June 2011 undertaken by Gaffney Cline and Associates (‘GCA’) on behalf of Nido. Nido has a 22.88% Participating Interest in the Galoc oil field in Service Contract 14C1 and has historically conducted its own independent […]

  • 3 May 2011
    Business & Finance

    Nido Petroleum Philippines Pty Ltd (wholly owned subsidiary of Nido Petroleum Limited; , on behalf of the SC 54B Joint Venture, provides the following update on SC 54B. Mobilisation activities related to the drilling of the Gindara‐1 well have commenced. Load‐out of the drilling materials is underway and the materials are being moved from the […]

  • 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. […]

  • 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.

  • 1 July 2015
    Business & Finance

    Nido Petroleum Limited, South East Asian focused oil and gas exploration and production company, has appointed Dr. Michael Fischer as Managing Director of the company. Nido Petroleum said that Dr Fischer will take up his new role on or about September 1, 2015. In his most recent role, Dr Fischer was the Director of Ophir Energy’s African Business […]

  • 19 January 2012
    Business & Finance

    Nido Petroleum Limited, as Operator of Service Contract 58 (‘SC 58’), on behalf of its JV partner Philippine National Oil Company Exploration Corporation (‘PNOC EC’), announces that PNOC – EC have now agreed to extend the date by which Nido is required to elect to drill the commitment well, under the farm in agreement, from […]

  • 21 March 2011
    Business & Finance

    Nido Petroleum Philippines Limited , on behalf of the SC 54B Joint Venture, is pleased to announce that the ‘Atwood Falcon’ deepwater semi-submersible drilling rig has been successfully contracted to drill the Gindara-1  prospect . The ‘Atwood Falcon’ rig will drill the Gindara-1 prospect  under a rig assignment agreement  between Sarawak Shell Berhad / Sabah […]

  • 12 October 2011
    Business & Finance

      Nido Petroleum Limited announces the appointment of Mr. Philip A. Byrne to the position of Chief Operating Officer. Mr. Byrne will take up his new role upon fulfillment of his notice obligations to his current employer, which will be between the middle of November and the end of December 2011. Mr. Byrne has over […]

  • 28 March 2014
    Business & Finance

    Nido Petroleum has informed that the sales deal between the company and Colossal Petroleum for the non-core assets offshore the Philippines has fallen through. The company said that the Sale and Purchase Agreements entered into between Nido and Colossal Petroleum Corporation with respect to Nido’s participating interests in Service Contract 54A and Block A, Block […]

  • 29 December 2010
    Business & Finance, Project & Tenders

    Nido Petroleum Limited , as Operator of Service Contract 54A (SC 54A), provides this update on the operations at Tindalo. Since the last operations update on 22 December 2010, subsequent water analyses from Zones 1, 2 and 3 indicated that produced water was formation water. In addition, increasing water-cuts and declining oil production rates during […]

  • 31 May 2012
    Business & Finance

    Nido Petroleum Limited announces that Mr. Philip Byrne, Chief Executive Officer, has been appointed to the position of Managing Director with effect from 1 June 2012. Mr. Byrne joined Nido on 29 December 2011 as Chief Operating Officer, and was promoted to Chief Executive Officer on 20 January 2012. He has a Master’s Degree in […]