Rig mobilizes to Philippines Baragatan prospect

5/5/2014

Rig mobilizes to Philippines Baragatan prospect

PERTH, Australia -- Nido Petroleum, on behalf of the Service Contract 63 (SC 63) JV partners Nido Petroleum Philippines, PNOC Exploration and Dragon Oil, reported that the UMW Naga 5 jackup rig commenced mobilisation from Singapore to the Baragatan location in SC 63, offshore, the Republic of the Philippines on May 2, 2014.

Nido will update the market once the rig arrives on location at SC 63, which is anticipated to take ten to twelve days.

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