EXPLORATION

Cores strengthen case for SC 58: Nido

NIDO Petroleum has confirmed the traces of liquid hydrocarbons detected in cores acquired in April this year in Service Contract 58, Philippines, were derived from mature petroleum source rocks.

The company said preliminary analysis of the cores acquired during the multi-beam and deepwater seabed coring project showed the presence of liquid hydrocarbons with similar thermal maturities and biomarker...

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