Gas2Grid Ltd. received approval from the Philippine Department of Energy (DOE) to start extended oil production from Malolos-1 in the Philippines. The company said the operations will start when crew and equipment have been mobilized to the site; initial oil production will likely begin in April.
The testing is being carried out to confirm the commerciality of the Malolos Oil Field. The DOE had previously extended Service Contract 44 for a 12-month period starting on Jan. 29, 2014, to conduct the tests.
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