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Galoc gets another EUR bump

NIDO Petroleum and Otto Energy have had a spot of good news, with independent assessors upgrading the estimated ultimate recovery on a proved level from the Galoc field in the Philippines to 14.44 million barrels of oil, up more than 16% on previous estimates.

James McGrath
Galoc gets another EUR bump

Gaffney Cline and Associates also delivered similar news on the 2P and 3P level, with an upgrade of 23.06% and 11.94% respectively. Nido has a 22.9% stake in the field and has historically undertaken...

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