Nido Petroleum is a wholly owned subsidiary of Bangchak Corporation, a Multinational Energy Company.

Asset Location & Licence Interest

REGION AND ASSET INTEREST KEY EXPLORATION & APPRAISAL ACTIVITY

Philippines

Development & Production
Galoc Field SC 14C1 55.88% (Operator) Production
West Linapacan ‘A’ Field SC 14C2 22.28% Company currently considering development options for a re-development of the West Linapacan A Oil Field.
Nido & Matinloc SC 14A & 14B Block A 22.49%
Block B 28.28%
Both fields continue to produce oil on a cyclical basis.
Exploration
SC 63 (Drilling Operator) 20%  Reviewing results of the Baragatan-1A well. 
SC 54A (Operator) 42.4% The Company has been granted a 3 year moratorium which expires 5 August '17.
SC 54B (Operator) 60% The Company has been granted a 3 year moratorium which expires 5 August '17.
SC 58 (Technical Operator during Farm-In) 50% (subject to completing Farm-in obligation) The DOE has placed the Service Contract into a period of suspension pending the outcome of arbitration proceedings between the Philippines and China. 
SC 6B 7.81% Undertaking a geological and geophysical review of the block.