Nido Petroleum Limited is an ASX-listed, South East Asian focused oil and gas exploration and production company.

Exploration & Appraisal

Nido has one of the largest acreage positions in the Philippine oil and gas sector. All of the Company’s exploration assets are located in the offshore NW Palawan Basin, which is considered the Philippines' premier producing basin.
Much of the NW Palawan Basin remains underexplored despite the numerous oil and gas discoveries made in the shallow water areas of the basin, including Nido's 2008 oil discoveries in Service Contract (SC) 54A and the single giant Malampaya gas field in SC 38, operated by Shell Philippines Exploration.
In June 2013, Nido farmed into three Indonesian Production Sharing Contract’s (PSC’s) operated by Lundin Petroleum. The Baronang and Cakalang PSC are located over the West Natuna Basin and the Gurita PSC over the less explored Penyu Graben located at the southern end of the prolific Malay Basin.
Nido currently has a 10% interest in the Cakalang and Gurita PSC and a 10%* interest in the Baronang PSC. Nido is in the process of withdrawing from the Cakalang and Baronang PSCs. 

* Nido exercised its right to acquire an additional 5% working interest but this transfer of interest is yet to receive regulatory approval.