The company said the maximum height of the column could be as high as 93m.
Yakal-1 would be now suspended for future re-entry and extended well testing and production, the company added.
NIDO Petroleum says evaluation of wireline logs, pressure data and samples from the Yakal-1 well in SC54 of the Northwest Palawan Basin has confirmed a minimum 78m-high oil column in the Nido Formation.
The company said the maximum height of the column could be as high as 93m.
Yakal-1 would be now suspended for future re-entry and extended well testing and production, the company added.
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