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OIL

Nido splits SC 54

NIDO Petroleum's SC 54 joint venture, in the offshore Northwest Palawan Basin in the Philippines, will be split into two areas following Philippine Department of Energy approval.

Nido splits SC 54

SC 54 - an inboard, shallow water area - holds four discoveries including the Tindalo and Yakal oil discoveries. Nido said yesterday the JV had been split into Area A and Area B. SC 54 Area A covers...

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