Nido Petroleum Limited (“Nido” or “the Company”) is an oil and gas exploration and production company with operations in the Philippines. The Company has an impressive inventory of assets comprising a mix of producing assets, development opportunities and attractive exploration prospects. Nido is headquartered in Perth, Western Australia and has a fully staffed office in Manila, Philippines. The Company is owned by BCP Energy International Pte Ltd, a wholly owned subsidiary of the Bangchak Corporation Public Company Limited ('Bangchak') of Thailand. For further information about Bangchak please visit www.bangchak.co.th.
Nido holds a dominant position in the North West Palawan Basin in the Philippines with interests in Service Contracts that have a gross acreage position of 2,640,000 hectares. The Basin is highly prospective for oil and gas exploration and has a history of commercial discoveries. Water depths in the basin range from less than 100 metres to in excess of 2,000 metres. The large contiguous acreage position provides basin-wide exposure to multiple play types and contains material world-class prospects.
Producing assets include the Galoc Oil Field (55.88% interest), Nido A and B Fields (22.49% interest) and Matinloc Field (22.28% interest). Nido also holds a 22.28% interest in the West Linapacan A and B Oil Fields which are currently under review by the West Linapacan Joint Venture.