MANILA - The consortium running Galoc in offshore Palawan has successfully flowed oil from one of the field's new wells.
In a regulatory filing, Otto Energy Limited said the recently drilled well in the petroleum block flowed oil to surface vessels at a rate of 6,300 barrels per day during production tests.
"Operations were conducted via the drilling rig 'Ocean Patriot' and oil was flared at the location," the Australian company said.
The Galoc consortium expects the new well to produce between 8,000 and 12,000 barrels per day under normal field operating conditions.
The well was successfully tested following the installation of underwater equipment used to monitor and control its production early today.
The Galoc consortium will install similar equipment in another new well drilled in the field where the group also expects to churn out oil.
The new wells will complement Galoc's two existing wells, which have been producing at an average of roughly 6,000 barrels per day.
Galoc's production is expected to increase to 12,000 barrels per day by November when its new wells begin commercial operations. It is the Philippines' only commercially producing oil field.
Otto Energy is the operator of the field. Its partners are Galoc Production Company 2 Pte, Nido Petroleum Limited, Oriental Petroleum and Minerals Corporation and Linapacan Oil Gas and Power Corporation, The Philodrill Corporation and Forum Energy Philippines Corporation.
Credit: Euan Paulo C. Añonuevo, InterAksyon.com
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