A total of 194,336 barrels of crude oil will be discharged in South Korea and will net the JV $US14 million in revenues.
Additionally, the company has used the Aquamarine Driller to drill 180m of a new high-angle sidetrack hole to south-southwest of the original Tindalo-1 well.
Clean-up oil flow to surface is expected at the end of the week and will be used to assess the stimulation requirements for the new sidetrack hole.
The JV decided to sidetrack the well after the retrieval of the downhole perforation equipment to allow access to the well bore for diagnostic logging proved to be time consuming.
Nido added the sidetrack would provide a new well drainage location in the crestal part of the field.
Nido Petroleum is the operator of Service Contract 54A with a 42.4% interest.
Other JV partners include Yilgarn Petroleum Philippines, with a 30.1% interest and TG World with a 12.5% interest.
Trading house Trafigura holds a 15% interest and is the marketer of the crude.
