Otto Energy has been advised by the field operator, Galoc Production Company WLL (GPC), that production from the Galoc oil field recommenced as of 1030hrs local time. Both Galoc 3 and Galoc 4 wells are on line and flowing with combined flow rate of approximately 13,000bopd.
Production has restarted following the reconnection of the FPSO ‘Rubicon Intrepid’ to its mooring and riser system approximately 6 days after shutting in and disconnecting during the passage of Severe Tropical Storm Emong. The mooring and riser systems were all inspected and integrity tested prior to the recommencement of production.
The Galoc Oil Field is located in SC14C off the west coast of Palawan in the Philippines. Otto holds a 31.38% shareholding in the Galoc Production Company (GPC) which has a 58.29% working interest in the licence and is Operator.