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

SC 14 C2 - West Linapacan A and B Oil Fields

Philippines-full SC14C2
Project: West Linapacan A and B Oil Fields
Location: NW Palawan Basin, offshore Philippines.
Working interest 22.28%
Operator The Philodrill Corporation
Area 18,000 hectares
Initial Discovery: Discovered in 1981 at 290 metre water depth
Development Schedule West Linapacan A was discovered in 1990 and produced over 8 MMbbls from 1992 through to early 1996 before being shut-in. The field had a peak production rate of over 18,000 bopd.
West Linapacan B was discovered in 1993 and tests from the single well drilled on the structure flowed close to 2,900 bopd. West Linapacan B has never been developed.
Contingent Resources (2P): The contingent resources position as at 31 December 2015 was reported to the ASX in the Company's Annual Report for 2015.
Brief description: West Linapacan is located in 300 to 350 metres of water, approximately 60 kilometres offshore from Palawan Island in Block C2 of Service Contract 14 (SC14) in the NW Palawan Basin, Philippines. It comprises two main oil bearing structures – West Linapacan A and B – and several seismic leads. The West Linapacan A and B structures are northwest southeast trending, fault-bounded anticlines approximately 7.6 kilometres apart. Both fields produced 32 - 34º API oil from the fractured Nido limestone reservoirs.
Recent activity: The Philodrill Corporation was appointed operator of the West Linapacan Joint Venture following the removal of RMA
West Linapacan Pte Ltd from the Service Contract by the Department of Energy.