EXPLORATION

Shell to help Nido, Kairiki chase big fish

NIDO Petroleum and Kairiki Energy have teamed up with oil major Shell to drill the Gindara prospect in SC54B of the offshore Palawan Basin, Philippines, which has upside potential of 1 billion barrels of oil.

Marija Stojkovic

Shell to help Nido, Kairiki chase big fish

Under the farm-out agreement, Shell, a Palawan Basin veteran which has been operating in the area for more than 96 years, will acquire a 45% interest in SC54B, with Nido contributing 27% and Kairiki 18%...

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