Commercial potential for the Galoc Mid Area on Block C1 offshore the Philippines remains inconclusive according to Galoc Production Co. WLL, a subsidiary of Nido Petroleum Ltd., Perth. The operator reported that its Galoc-7 well in Contract Area 14 encountered its reservoir objective between 2,240-2,358 m MD with a gross pay of 115 m and net sand thickness of 8 m comprising poor quality sandstone and claystone (OGJ Online, Apr. 6, 2017).
Log data recorded through this interval indicate the reservoir unit contains hydrocarbons and water, however, the company said it will continue to evaluate the Galoc-7 well results along with results from its Galoc-7ST-1 sidetrack in the coming weeks.
Odfjell Drilling’s Deepsea Metro I ultradeepwater drillship is now in the process of plugging the Galoc-7 well and preparing to drill out the Galoc-7ST-1 well in the Galoc Central Field Area.
Galoc field is 65 km northwest of Palawan Island and 350 km south of Manila in more than 300 m of water. As of 2014, the field had produced 10 million bbl of oil since being commissioned in 2008 (OGJ Online, Aug. 7, 2013). Galoc Production is evaluating the untested Galoc Mid Area within the field with plans to extend the overall field life.
Nido holds a combined 55.88% participating interest in Block C1 of service contract 14 through its wholly owned subsidiaries Nido Production (Galoc) Pty. Ltd. and Galoc Production.