ASIA

Dragon's deal with Nido

NIDO Petroleum has entered a farm-out agreement with Dragon Oil for its Palawan Basin service contract 63 in the Philippines.

Dragon's deal with Nido

The farm-out will be conducted in a two-stage process, with Dragon initially acquiring 40% of Nido's 50% participating interest. Dragon will pay 56% of the cost of the Baragatan-1 exploration well, which...

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