The Galoc joint venture is moving to drill a sidetrack well, following inconclusive results at the Galoc-7 well in the Palawan basin, offshore Philippines.
Nido Petroleum says that the Deepsea Metro I drillship reached total depth of 2373m at the Galoc-7 well, having drilled through the Galoc clastic unit reservoir of the Galoc mid area.
The reservoir objective for the Galoc-7 well was encountered between 2240-2358m with a gross pay of 115m and net sand thickness of 8m comprising primarily of poor quality sandstone and claystone.
Preliminary logging while drilling and wireline log data recorded through this interval indicate the reservoir unit contains hydrocarbons and water. At this stage, the Galoc-7 well results are inconclusive in terms of the potential commerciality of the Galoc mid area of block C1 of service contract 14.
Nido will, therefore, continue to evaluate the results of the Galoc-7 well over the coming weeks and will incorporate this information into the relevant sub-surface models along with the results of the Galoc-7ST-1 well when they are available.
The Deepsea Metro I is now in the process of plugging and abandoning the Galoc-7 well and preparing to drill out the Galoc-7ST-1 well in the Galoc central field area as planned.
Nido holds a combined 55.88% participating interest in Block C1 of Service Contract 14 through its wholly owned subsidiaries Nido Production (Galoc) and Galoc Production Co.
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