MARKETS

Sacgasco subsidiary becomes operator of Philippines Block SC6B

ASX-listed Sacgasco subsidiary, Nido Petroleum, is to become the operator of the Philippines offshore Block SC6B.

File photo: Sacgasco assets onshore Australia

It has executed a purchase agreement through its Philippines-focussed subsidiary Nido Petroleum with local former block operator Manta Oil to accelerate redevelopment of the Cadlao oilfield. Sacgasco's...

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