The company, which is now almost entirely controlled by Thai-based Bangchak Petroleum, said the well reached total depth of 2373mm, having drilled into the Galoc clastic reservoir finding a net 8m comprising primarily of poor quality sandstone and claystone. 

 

Preliminary data indicates the reservoir unit contains hydrocarbons and water.

 

At this stage the Galoc-7 well results are inconclusive in terms of the potential commerciality of the Galoc Mid Area.

 

The Deepsea Metro I rig is now in the process of plugging and abandoning the Galoc-7 well and preparing to drill out the Galoc-7ST-1 well in the Galoc Central Field Area as planned.

 

Nido holds a combined 55.88% participating interest in the well.