Otto said in a statement its wholly owned unit NorAsia and local partner TransAsia Oil & Energy Development Corporation, were selected as winner of Service Contract 69 from competitive bids in the Phillipine Energy Contracting Round.
The company said more than 3000 kilometres of 2D seismic data had been shot on the block, in the East Visayun basin, with over 20 potential structures identified already.
The
