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Nido Petroleum allots $25M for exploration
NIDO Petroleum Philippines Pty. Ltd. has allocated over $25 million for development drilling in the Galoc oil field and to explore oil and gas prospects off northwest Palawan Island next year, an official said.
About $20 million will be spent on the Galoc oil field, $3.2 million on Service Contract 58 and $2.0 million on Service [...]
