DRILLING

More time for Nido and co

NIDO Petroleum and its joint venture partners on SC54 in the Philippines have been granted a one year extension by the Department of Energy to complete the work order on sub-phase 6.

Sub-phase 6, which included a commitment to drill one well, had been due to run out on August 4 this year. The sub-phase permit will now expire on August 4 next year, with sub-phase 7 also pushed back...

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