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High hopes for Philippine oil well

Updated | Pulses are quickening at junior explorers Nido Petroleum and Kairiki Energy, which were due to start drilling their highly anticipated Gindara-1 exploration well in the Philippines last night.

Angela Macdonald-Smith
Angela Macdonald-SmithSenior resources writer
Updated

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Pulses are quickening at junior explorers Nido Petroleum and Kairiki Energy , which were due to start drilling their highly anticipated Gindara-1 exploration well in the Philippines last night.

Things have moved quickly on the well since Royal Dutch Shell added its considerable weight to the venture by sealing a farm-in venture to the deep-water SC54B licence in January, taking the bulk of the cost burden away from the juniors.

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Angela Macdonald-Smith writes on the resources industry with a focus on energy, including gas, oil, electricity and renewables. Connect with Angela on Twitter. Email Angela at amacdonald-smith@afr.com

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    Original URL: https://www.afr.com/companies/energy/high-hopes-for-philippine-oil-well-20110520-iep7w