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ASIA

Nido swimming in Galoc money

NIDO Petroleum bagged $18.4 million in revenue from the Galoc oil field in the Philippines during the second quarter, with two liftings from the project chalked up.

James McGrath
Nido swimming in Galoc money

Releasing its financial year quarterly results to the market, Nido said production from the project reached 414,614 barrels of oil, of which 94,862bbl was net to Nido. It equated to gross average production...

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