UMW Naga 5 jackup rig arrives at Baragatan-1 offshore well location

Offshore staff

PERTH, Australia – Nido Petroleum Ltd. (ASX: NDO) reports, on behalf of the Service Contract 63 joint venture partners, PNOC-EC and Dragon Oil (Philippines SC 63) Ltd., that the UMW Naga 5 jackup rig arrived at the Baragatan-1 well location offshore Palawan, Philippines, on May 12 following a 10-day tow from Singapore as planned.

The forward plan is to move the rig over the Baragatan-1 surface location and complete pre-loading activities ahead of spudding the well later in the week.

05/12/2014

The UMW Naga 5 jackup rig has arrived at the Baragatan-1 well offshore Palawan, Philippines.

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