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The floating production storage vessel Rubicon Intrepid is preparing to hook up the mooring system in the field from its location in Batangas, 120km south of Manila.
Once production begins, output from Galoc is expected to be more than 15,000 barrels of oil per day.
Nido, which has a 23% stake in Galoc, will be entitled to about 4000bpd once production starts.
Field partner Otto Energy has a stake in the project via the acquisition of a 31.38% shareholding in Galoc Production Company, which is operator and holds a 58.29% stake in the development in offshore Palawan Basin service contract SC14C.
Other members of the consortium are Alcorn Gold Resources, Forum Energy, Oriental Petroleum, PetroEnergy Resources and Philodrill.
