The Deepsea Metro I drillship has set sail to the Galoc field, offshore the Philippines, with drilling operations expected to start on 31 March.
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The Deepsea Metro I. Image from Odfjell Drilling. |
Nido Petroleum began mobilization of the vessel from Labuan, Malaysia to the Galoc-7/7ST well location in Block C1 of Service Contract 14, earlier this week.
In late-January, Nido agreed to a one-well drilling contract for the Odfjell Drilling-operated ultra deepwater drillship in a move to help extend the life of the producing Galoc field. The deal came with an option for one sidetrack well.
The Galoc field is 70km west of Culion Island in the northwest Palawan basin, offshore Philippines at 320m water depth. It is produced using the Rubicon Intrepid floating production unit.
The reservoir depth is 2100–2200m with a 57+m gross oil column consisting of early Miocene turbidite sandstone with 16+% average reservoir porosity. The field produces a 35° API, 1.6% sulphur content crude that is marketed within the southeast and north Asian regions.
The field is operated on behalf of the SC 14C1 joint venture by Galoc Production Co. (GPC). The joint venture consists of Nido (55.88%); Kuwait Foreign Petroleum Exploration (26.85%); Oriental Petroleum & Minerals Corp. and Linapacan Oil Gas & Power Corp. (7.78%); Philodrill Corp. (7.22%), and Forum Energy (2.27%).
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