About Galoc
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Galoc Field Equity
Galoc Production Company (GPC) was formed in mid 2005 with the primary objective of developing the Galoc Oil Field, located offshore Palawan in the Republic of the Philippines. GPC concluded a Farm-In Agreement with the Service Contract 14C Galoc Sub Block (SC-14C) consortium in August 2005. This was followed by an approval from the DOE of GPC as Operator of SC-14C.
Operations
Production Operation commenced in October 2008 initially achieving oil rates of 18,000 barrels day. The oil called “Palawan Light Crude” has an API of 35.0 with an initial GOR (Gas/oil ratio) of 800 scf per barrel.
