Nido Raises Gindara Reserves Estimate

ustralian independent Nido Petroleum has raised its estimate of oil reserves at the Gindara prospect in the Philippines' offshore Palawan Basin after evaluating 3D seismic data. According to Nido, the Gindara prospect holds 'unrisked mean oil in-place' of 634mn barrels (bbl), up from the previous estimate of 470mn bbl.

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