Galoc Oil Field – Operations Update

Source: www.gulfoilandgas.com 2/20/2009, Location: Asia

Otto Energy provides an update on the progress of installation of the Hold Back Mooring System (HBMS) and repairs to the Mooring and Riser System (M&RS) at the Galoc Oil Field, located offshore Philippines, as advised by the Operator of the field, Galoc Production Company WLL (GPC).

Since the last announcement dated 27 January 2009, substantial progress has been made with all repairs to the M&RS. This progress has resulted in the Floating Production Storage and Offtake (FPSO) vessel now safely reconnected to the M&RS. The southwest portion of the HBMS has been installed and the FPSO will connect to the HBMS once final inspection of the HBMS is completed.

Present operations are testing systems on the FPSO, and the replacements of the final sections of the riser are expected to be complete in the forthcoming days. The northeast leg of the HBMS is to be installed.

At this time weather remains favourable and GPC advises that completion of the reoinstatement activities and reocommencement of production is anticipated next week.

Otto will continue to liaise with GPC and provide an update to the market once production at Galoc has recommenced.

The Galoc Oil Field is located in Service Contract 14C off the west coast of Palawan in the Philippines. Otto holds a 31.38% shareholding in GPC which has a 58.29% working interest in the Galoc licence and is the field Operator.


Related Categories: Diving Contractors  Dredging  FPSO Vessels and Equipment  General  Marine Services  Mooring Systems  Offshore Platforms  Subsea Production 

Related Articles: Diving Contractors  Dredging  FPSO Vessels and Equipment  General  Marine Services  Mooring Systems  Offshore Platforms  Subsea Production 


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