ASIA

FID reached on Galoc Phase II

OTTO Energy has officially reached final investment decision on the Galoc Phase II development in the Philippines, with Otto to put up $US62 million ($A60 million) for the development.

James McGrath

The ASX-listed company will drill two subsea wells at SC14C, which will be tied back to the existing floating, production, storage and offloading vessel, the Rubicon Intrepid. Otto has tied up the Diamond...

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