Nido Petroleum Ltd is one of the leading oil and gas exploration and production companies operating in the Philippines, with headquarters in Perth, Western Australia and a fully staffed office in Manila, Philippines.
The Company's assets are located within the NW Palawan Basin, the premier producing basin in the Philippines. Participating in ten offshore exploration and production blocks, Nido Petroleum Ltd directly operates three: SC 54A, SC 54B and SC 58.
Nido has a high impact exploration and drilling program based on its extensive 2D and 3D seismic data, a factor behind its continued growth. Nido is an innovative company looking ahead to new areas of exploration and development in the future.
Nido is currently in the process of commercialising the Tindalo oil field, located in SC 54A. This will augment production from the Galoc oil field from mid 2010, a field where the Company currently holds a 23% interest in production in SC 14.