Nido Petroleum Limited has ceased negotiations with Viking Energy Holdings 2 Limited (Viking) in relation to a potential farm-in in respect of Service Contract 54A, offshore Philippines. Nido and the SC 54A Joint Venture Participants are continuing to work with the SC 14A Joint Venture in relation to a possible development of the Nido 1X1 [...]
Nido Petroleum Limited announce that its wholly owned subsidiary, Nido Production (Galoc) Pty Ltd, has signed a senior secured debt facility with Standard Bank pic for up to a maximum of US$30 million for a term of three years. The facility will provide a significant portion of Nido’s share of funding for the Galoc oil [...]
July 20, 2012 | Posted in
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Nido Petroleum Limited, as Operator of Service Contract 54 offshore Phillipines, announces that the Philippines Department of Energy (‘DOE’) have agreed to extend Sub-phase 6 for a period of twelve (12) months from 4 August 2012 to 4 August 2013. The twelve (12) month extension to Sub-Phase 6 will enable Nido to complete the ongoing [...]
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Nido Petroleum Limited , in conjunction with SC 54A Joint Venture partners , has signed a Memorandum of Agreement with Viking Energy Holdings to develop three oil fields in SC 54A, offshore Philippines. The MOA is subject to negotiation and execution of a formal agreement between the parties. It outlines key commercial terms upon which [...]
Nido Petroleum Limited announces that Mr. Philip Byrne, Chief Executive Officer, has been appointed to the position of Managing Director with effect from 1 June 2012. Mr. Byrne joined Nido on 29 December 2011 as Chief Operating Officer, and was promoted to Chief Executive Officer on 20 January 2012. He has a Master’s Degree in [...]
Nido Petroleum Limited, as Operator of Service Contract 58 (‘SC 58’), on behalf of partner the Philippine National Oil Corporation – Exploration Company (‘PNOC-EC’), is announces the acquisition of new 2D seismic in SC 58. Approximately 1,000 line kilometres of new 2D seismic will be acquired over the greater Bikuda – Bulador prospect area in [...]
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Nido Petroleum Limited, as Operator of Service Contract 58 (‘SC 58’), on behalf of its JV partner Philippine National Oil Company Exploration Corporation (‘PNOC EC’), announces that PNOC – EC have now agreed to extend the date by which Nido is required to elect to drill the commitment well, under the farm in agreement, from [...]
Nido Petroleum Philippines Pty Ltd, a subsidiary of Nido Petroleum Limited , and Total have executed a Joint Study and Bid Agreement (‘JSBA’) to evaluate exploration acreage released in the Philippines Energy Contracting Round No. 4 (‘PECR4’) by the Philippine Department of Energy (‘DOE’). On behalf of partner Total, Nido will undertake technical and commercial [...]
Nido Petroleum Philippines Pty Limited, as Operator of Service Contract 54A and Service Contract 54B announce the successful completion of the combined SC 54A Lawaan/Libas and SC 54B Pawikan 2D seismic surveys on 10 December 2011 . Nido’s partners in SC 54A are Yilgarn Petroleum Philippines Pty Ltd (a wholly owned subsidiary of Kairiki Energy [...]
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Nido Petroleum Philippines Pty Limited, as Operator of Service Contract 54A (‘SC 54A’), on behalf of partners Yilgarn Petroleum Philippines Pty Ltd , Trafigura Ventures III B.V. and TG World (BVI) Corporation, announces the acquisition of new 2D seismic in SC 54A. Approximately 70 line kilometres of new 2D seismic will be acquired over the [...]
December 1, 2011 | Posted in
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