Nido Petroleum is a wholly owned subsidiary of Bangchak Corporation, a Multinational Energy Company.

Company Profile

Overview 

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.

Background

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.