At the beginning of 2013, proved reserves totalled 21.70 million barrels of oils, while the latest figures show 21.51 million barrels at the beginning of this year.
Proved and probable reserves dropped from 25.40 million barrels to 25.06 million barrels at the beginning of this year.
The Galoc field in the Philippines is operated by Galoc Production Company, a wholly-owned subsidiary of Otto.
The
