GPC - Galoc Oil Field Phase 2 Development
Name of Client | GPC - GALOC PRODUCTION COMPANY |
Estimated Budget ($ US) | 500,000,000 |
Facility Type | Oil Field |
Sector |
Oil Offshore |
Status | Feasibility Study |
Location | North West Palawan Basin |
Last Updated | 20-07-2012 |
Project Status:
The Galoc oil field, which was discovered in 1981, is located in Service Contract (SC) 14-C in the Galoc Sub-Block) in 290 metres of water around 65km northwest of Palawan in the Philippines. Galoc Production Company (GPC) is the operator of the oil field.
Phase 1 of the Galoc oil development, costing an estimated US$120 million, involves the construction of two subsea completed horizontal production wells, with extended reservoir contacts, tied back to a Floating Production Storage and Offloading (FPSO) facility via a short seabed pipeline and mid-water riser system.
On 9 October 2008, operator GPC announced first oil has flowed from the Galoc 3 well to FPSO Rubicon Intrepid in the field. Partner Nido and its SC 14-C Joint Venture partners will gather production data from the Galoc field and combine this with the results of the detailed analysis from the development drilling to determine the viability of a second phase of the development.
Otto has indicated on 23 September 2009 that a Phase 2 development at the Galoc oil field is being reviewed and matured by the company and GPC. This may involve an additional two wells in the northern portion of the structure to boost production and access undeveloped reserves.
As of 18 November 2009, Otto has indicated that the development options for Galoc Phase 2 in 2009 and/or 2010 include targeting to increase 2P reserves by around five million barrels from possibly two wells, each flowing about 4,000 barrels per day (b/d). It added that the SC 14-C partners are expected to conduct seismic interpretation, well positioning, drilling costs and schedule as well as tie‐back preparations. First oil from the Galoc Phase 2 is planned for the first half of 2011.
Otto has indicated that as of 3 March 2010 that the Phase 2 development evaluation is being undertaken. The SC 14-C joint venture plans to increase 2P reserves by between 1 to 9 million barrels (gross) and access Galoc contingent resources. The phase is expected to include 1‐2 new wells flowing 4,000 to 8,000 b/d each (gross). In fiscal year (FY) 2010, the partners intend to carry out seismic interpretation, well positioning, drilling costs and schedule as well as tie‐back preparations. The joint venture could commit to a final investment decision (FID) for Galoc Phase 2 by the second quarter of 2010.
As of 19 April 2010, Otto said interpretation and mapping of the recently reprocessed seismic data for Galoc Phase 2 Development has commenced in the March 2010 quarter. Planning has also started for potential Galoc Phase 2 drilling. The Phase 2 Development potentially involves one or two new wells and mooring systems upgrade. The joint venture is expected to make an investment decision around mid-2010. Otto Energy said on 12 May 2010 Galoc Phase 2 development evaluation is still ongoing, with FID on track in mid-2010.
Partner Nido said on 3 August 2010 that the SC 14C JV is still considering a Phase 2 development for the Galoc oil field. (Topco)
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Dialog Group
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Ministry Of Commerce Of China
aState Administration of Taxation
Supply Chain Council
API
Key Equip Office, China Machinery Industry Federation
China General Machinery Industry Association
China Petroleum & Petrochemical Equipment Industry Association
Jiangsu Association of Petrochemical Equipment
Research Ins. of Economics and Tech, Sinopec
Research Ins. of Economics and Tech, CNPC
CNPC
Sinopec
CNOOC
BP
Shell
Statoil
Chevron
Aramco
Roral
BARIVEN
ANADARKOA
Roc Oil
YPF
BASF
BASF-YPC
Dow
Bayer
Exxon Mobil
Changqing Oilfield
Schlumberger
Weatherford
HALLIBURTON
COSL
Saipem
Fluor
Amec
Petrofec
Kvaerner
Technip
HQC
CPECC
Cameron
BGP
Beijing Petroleum Machinery Factory
Baoji Oilfield Machinery
Honghua Group
Lilin Petroleum Machinery
Forenergy Inspection
SHK
China Sufa
WUZHOU VALVE
Fangzheng Valve
Neway Valve
Morimatsu
Suzhou Douson Pressure Control
China First Heavy Machinery Group
China Second Heavy Machinery Group
LTI Steel Wire Rope
Beijing HTN Pipeline Equipment
Jiangsu Jinshi Machinery
Shandong Kerui Group
Freet
CPTDC
TFI
Accenture
IBM
Siemens
CSCS
UPS
DHL
COSCO Logistics
SINOTRANS
Agility
Huayou Logistics
BDP
CEVA
IBM
Jinneng Law Firm
Wikborg Rein & Co. Law Firm
BV
Import & Export Bank of China
Chaoda Valve
China Petroleum Pipeline Bureau
Shanghai Lankelec
NOV Tuboscope
Henan Tianfon Energy-saving Panel Co.,ltd
VETZ Valve
Sinopec Oilfield Service Corporation
Dialog Group
AMEC China
1.Oil equipment, accessories
2.Steel pipe, valves, wellhead equipment etc
3.heat exchangers, pressure vessels, towers, reactors, steel model, and bulk materials (valves, fittings etc)
4.Upstream exploration materials and equipment
5.Project supplies
6.Upstream construction and operation equipment, supplies, services
7.Petrochemical, chemical industry related products
8.Steel, equipment, piping materials etc
9.Oilfield equipment and materials
10.Oil equipment, pipes, and other refining equipment
11.Oil and gas projects supplies,equipment and products
12.Oil and gas refining and chemical supplies
13.Pressure vessels, structures (such as various brackets, rails, grille, aluminum structure etc), plumbing, electrical instruments, internal outfitting,rope for anchor
14.Petrochemical materials
15.Fittings, flanges, seals and other MRO materials, pipeline, construction equipment, I / E
16.Steel, pipe fittings, valves and other oil supplies
17.Pipe Lines, OCTGs, Drilling Chemicals, Valves, Pressure Vessels, Cables etc
18.Upstream construction and operation equipment,supplies, services
19.Steel, pipe fittings, valves, corrosion products, electrical power equipment etc
20.Equipment and materials
21.Steel, bulk material of electrical instrumentation , cables, polyvinyl fluoride, safety equipment, building decoration, water treatment systems, control panels, generators, lifting machines, cranes, hoses, hose fittings
22.Equipment and materials
23.Oil and gas gathering and transportation, oil and gas processing, long-distance pipelines, offshore engineering, petroleum refining, petrochemical, oil and gas reservoirs and other large projects supplies
24.Petrochemical, textile and chemical fiber, coal chemical industry, environmental engineering, construction and other project materials
25.Petroleum Machinery,equipment and material
26.Pipes and valves and other products
27.Fittings, valves, refractory
28.Steel, pipe fittings, valves etc.
29.Oil and gas projects supplies,equipment and products
30.Oil equipment, accessories
31.Steel pipe, valves, wellhead equipment etc
1.Oil equipment, accessories
2.Steel pipe, valves, wellhead equipment etc
3.heat exchangers, pressure vessels, towers, reactors, steel model, and bulk materials (valves, fittings etc)
4.Upstream exploration materials and equipment
5.Project supplies
6.Upstream construction and operation equipment, supplies, services
7.Petrochemical, chemical industry related products
8.Steel, equipment, piping materials etc
9.Oilfield equipment and materials
10.Oil equipment, pipes, and other refining equipment
11.Oil and gas projects supplies,equipment and products
12.Oil and gas refining and chemical supplies
13.Pressure vessels, structures (such as various brackets, rails, grille, aluminum structure etc), plumbing, electrical instruments, internal outfitting,rope for anchor
14.Petrochemical materials
15.Fittings, flanges, seals and other MRO materials, pipeline, construction equipment, I / E
16.Steel, pipe fittings, valves and other oil supplies
17.Pipe Lines, OCTGs, Drilling Chemicals, Valves, Pressure Vessels, Cables etc
18.Upstream construction and operation equipment,supplies, services
19.Steel, pipe fittings, valves, corrosion products, electrical power equipment etc
20.Equipment and materials
21.Steel, bulk material of electrical instrumentation , cables, polyvinyl fluoride, safety equipment, building decoration, water treatment systems, control panels, generators, lifting machines, cranes, hoses, hose fittings
22.Equipment and materials
23.Oil and gas gathering and transportation, oil and gas processing, long-distance pipelines, offshore engineering, petroleum refining, petrochemical, oil and gas reservoirs and other large projects supplies
24.Petrochemical, textile and chemical fiber, coal chemical industry, environmental engineering, construction and other project materials
25.Petroleum Machinery,equipment and material
26.Pipes and valves and other products
27.Fittings, valves, refractory
28.Steel, pipe fittings, valves etc.
29.Oil and gas projects supplies,equipment and products
30.Oil equipment, accessories
31.Steel pipe, valves, wellhead equipment etc