PREMIUM FEATURES

Otto opens door to growth

OTTO Energy believes its $US18.7 million ($A18 million) deal to increase its stake and assume operatorship of the Galoc oil field, offshore Philippines, will open the door to growth opportunities.

Marija Stojkovic

Speaking to EnergyNewsPremium from Manila on Friday, acting chief executive officer Matthew Allen said the deal to increase Otto's indirect 18.78% interest in the offshore Palawan Basin field to a direct...

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