Nido Petroleum

Nido Petroleum Limited (Nido) has completed combined 2D seismic surveys of a site offshore the Philippines.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The survey on the blocks SC 54A Lawaan/Libas and SC 54B Pawikan 2D was completed between 29 November and 10 December 2011.

The two surveys were acquired using the Nordic Maritime-operated Nordic Energy seismic vessel.

Nido acquired a 73 line kilometres over SC 54A and a further 430 full-fold line kilometres of 2D seismic over service contract 54B.

See Also:

The SC 54A survey was carried out to determine if the Lawaan and Libas prospects were connected structurally, which Nido said would upgrade the potential of the larger Lawaan prospect.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Lawaan currently holds an estimated prospective oil of 34.7 million barrels, while Libas is estimated to hold 12 million barrels.

The objective of the SC 54B survey was to mature the Pawikan lead to prospect status by addressing remaining risks relating to reservoir and charge into the structure.

The Pawikan lead lies 30km to the south of the non-commercial Gindara-1 gas and oil discovery well, which was drilled by the SC 54B joint-venture earlier this year, and 10km south-west of the Service Contract 14 Nido A/B oilfields.

Nido has previously estimated Pawikan to hold about 2 billion barrels of prospective resource oil.

Processing of the 2D data will be carried out by DownUnder GeoSolutions in Perth, Western Australia, with interpretation of the fully processed 2D seismic data expected to be completed during the second quarter of 2012.

Nido’s partners in SC 54A are Yilgarn Petroleum Philippines, Trafigura Ventures III and TG World (BVI) Corporation.

The SC 54B includes Yilgarn Petroleum Philippines and Shell Philippines Exploration.

Caption: Nido completes combined 2D seismic surveys, offshore Philippines.