galoc weekly update..gene simmons says

Gene Simmons says "Ladies & Gentlemen are you ready, if so start your engines"

Wednesday, 13 February 2008

Galoc Weekly Project Update 6 to 12 February 2008 Nido Petroleum Ltd (Nido) is pleased to provide this weekly update on the development of the Galoc oil field, offshore Palawan Basin, The Philippines. Current Operations In the past week, the 4.5 inch production tubing has been successfully installed on Galoc 4. Preparations are now being made to install the subsea tree and ready the well for clean up and flowing to surface. Forward Plan Installation of the subsea tree on Galoc 4 will be completed, followed by the commencement of the clean up and flow programme. Similar work, including the installation of the subsea tree, will then be undertaken on Galoc 3 a few days later. After the successful completion of this work, the ‘Energy Searcher’ will be demobilised to Singapore prior to its release. The installation of the subsea equipment and the mooring and riser system will then commence. Nido’s current expectation is for first oil to the FPSO between 28 March and 18 April 2008.