An resources assessment by Gaffney Cline and Associates of the mid-Galoc area has estimated that 1C contingent resources on a gross basis are 6.2 million barrels, and on a 2C basis are 9.5 million barrels, according to Nido Petroleum, which owns a 55.88% interest in the Galoc field.
The preliminary development plan for mid-Galoc is drilling two horizontal subsea development wells tied back to the FPSO Rubicon Intrepid.
The
