Media
09.03.2009
General |
Vitol JV update: Galoc Field – 1,000,000th bbl producedupdate: Galoc Field – 1,000,000th bbl produced
The symbolic milestone of the millionth (1,000,000th) barrel of oil was produced earlier today Monday 9th March. Galoc Production Company (GPC) is pleased to confirm that Galoc Field production has been steady since re-commencement on 25th February with the benefit of increased “flush” production realized as expected. The rates achieved […]
10.10.2008
General |
Vitol Joint Venture starts production in the Philippines
Vitol today confirmed that the Galoc Field located offshore Palawan Island in the Republic of Philippines has commenced production. Output is expected to average around 17,000 bpd for the rest of 2008, once production stabilizes following flow testing. Galoc’s estimated oil reserves are approximately 10 million barrels. Assessment of the […]