Galoc Oil Field back on stream in the Philippines

This is from ogj.

The Philippines is almost entirely dependent upon imported oil so any increased production at Galoc will be a positive for the Philippines. The article does not say who owns the companies involved.

Galoc oil field back on stream in the Philippines
Rick WilkinsonOGJ Correspondent
MELBOURNE, Feb. 26 -- Production has resumed from Galoc oil field in the Palawan basin off the Philippines following completion of repairs and enhancements to the mooring and riser systems.
Operator Galoc Production Co. said the Rubicon Intrepid floating production, storage, and offloading vessel has been reconnected and that output would steadily be increased to 13,000-14,000 b/d of oil.
Production from the field was temporarily shut down in late December 2008 after a survey of the mooring and riser systems showed a partially detached component that would need to be reattached before the system could be reconnected to the FPSO.
Galoc holds a 58.29% interest in the field. Other partners include Nido Petroleum 22.28% and Otto Energy, which holds 18.28% indirect interest through its 31.38% stake in Galoc.


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