Project Profile
Location: NW Palawan Basin, offshore Philippines
Area: 55,000 hectares
Start-up Year: -
The block contains the East Cadlao exploration prospect; a possible extension of the Cadlao oil field which is located in the adjacent SC 6 block (which Nido is not a participant in) and a number of Nido Pinnacle reef exploration targets.
Operators:
The Philodrill Corporation: Operator with 21.87% interest
Phoenix Gas & Oil Exploration: 28.12% interest
TransAsia (TPC): 14.06% interest
Oriental Petroleum: 14.06% interest
Nido Petroleum: 7.81% interest
Forum Energy Philippines Corporation: 7.031% interest
Alcorn (APMC): 7.031% interest