Nido defers development of Yakal oil block

MANILA, Philippines - Australia-based Nido Petroleum Ltd. said on Wednesday it has deferred the development of the Yakal oil field to further study the said oil field.
In a disclosure to the Australian Stock Exchange, Nido deputy managing director Joan Williams said the Service Contract (SC) 54A joint venture has decided to defer the Yakal development as the group will still review the Tindalo project.
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Source: ABS-CBNnew.com