NEWS ARCHIVE

Work resumes at Galoc

THE floating, production, storage and offtake vessel Rubicon Intrepid has returned to the Galoc o...

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"Once reconnection has been made, a full systems safety and integrity check will be undertaken prior to first oil production," Nido said.

Progress on the remaining commission work needed for first oil production was halted last week due to the development of Typhoon 07W Fengshen and resulted in the subsequent disconnection of the FPSO.

Galoc is expected to start producing more than 15,000 barrels of oil per day.

Nido has a 23% stake in Galoc while Otto Energy has an 18.28% indirect stake in the project.

Other members of the consortium are Alcorn Gold Resources, Forum Energy, Oriental Petroleum, PetroEnergy Resources and Philodrill.

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