Galoc Oil Field
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Philippines Oil & Gas Fields
Otto Oil & Gas Fields
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- Global Floating Production Storage And Offloading Vessels (FPSO)
Summary Information
- Operator: Otto
- Country: Philippines
- Location: 65km north west of Palawan
- Production start: 2008
- Partners:
- Type: Oil
- Estimated Reserves: 10 Million barrels
- Production Volume:
Description
- The Galoc field is located in Service Contract SC14-C (Galoc Sub Block) in 290m of water approximately 65km north west of Palawan in the Republic of the Philippines.
- The development involves the construction of two subsea completed horizontal production wells, with extended reservoir contacts, tied back to the Rubicon Intrepid FPSO via a short seabed pipeline and mid water riser system
- Phase II development involves the drilling of two new wells
Contractors
- Rubicon Offshore: Provision of FPSO
- EMAS: Subsea installation
- Oceaneering: Phase II drilling
- DOF: Phase II Installation
History
- 1981 - The Galoc Field was discovered
- 1988 - Further appraisals undertaken
- 2007 - Otto acquired a stake in the project
- 2008 - First oil produced
- 2011 - Vitol sold its share in the field
- 2013 - KUFPEC acquires a stake in the field
- 2013 - Phase II drilling began
Geology
Links
- Otto Completes Galoc Oil Field Transaction
- Galoc Field Development – Completion of Subsea Installation
- Rubicon Intrepid FPSO Arrives at Galoc Oil Field
- Philippines Galoc Field Development – First Oil
- Vitol Sells Its Interest In Galoc Production Company, Philippines, To Otto Energy Limited
- Otto Energy welcomes KUFPEC to Galoc Joint Venture
- 'Ocean Patriot' commences mobilising to Galoc Oil Field
page revision: 8, last edited: 14 Aug 2013 12:02