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Released October 21, 2022 | manila
en
Researched by Industrial Info Resources (Sugar Land, Texas)--After years of a moratorium on offshore drilling activities in the Philippines, Australian company Sacgasco Limited (Subiaco) with subsidiary Nido Petroleum Philippines will commence drilling in the Cadlao and Nandino fields offshore Palawan by the first half of next year.
A recoverable volume of 5 million to 6 million barrels of oil is anticipated from the areas, which could lead to early oil production toward the second half of 2023.
Subscribers to Industrial Info's Global Market Intelligence (GMI) Production Project Database can click here for related reports.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).
A recoverable volume of 5 million to 6 million barrels of oil is anticipated from the areas, which could lead to early oil production toward the second half of 2023.
Subscribers to Industrial Info's Global Market Intelligence (GMI) Production Project Database can click here for related reports.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).
