Nido mobilises its jack-up rig ‘UMW Naga 5’

Nido Petroleum Limited on behalf of the Service Contract 63 Joint Venture partners Nido Petroleum Philippines Pty Ltd, PNOC-Exploration Corporation and Dragon Oil Plc, has announced that the “UMW Naga 5” jack-up rig started mobilisation from Singapore to the Baragatan location in SC 63, offshore, the Republic of the Philippines on Friday 2 May 2014 at 6.15 pm AEST.

Nido will update the market once the rig arrives on location at SC 63 which is anticipated to take ten to twelve days.

Nido Petroleum Limited is an oil and gas exploration and production company with operations in the Philippines and Indonesia. The Company has an inventory of assets comprising a mix of producing assets, development opportunities and attractive exploration prospects.

Nido is headquartered in Perth, Western Australia and has a fully staffed office in Manila, Philippines.

Press Release, May 05, 2014

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