You are currently browsing the daily archive for November 6, 2008.
Geneva, 27 October 2008: Rosco SA, a subsidiary of Vitol, has confirmed a cash offer for Arawak Energy Limited.
For further information, go to the London Stock Exchange’s Market News page.
Geneva, 10th October 2008: It has been confirmed that Vitol has started production in the Galoc Field, which is located offshore near Palawan Island, in the Republic of Philippines. Output is expected to average around 17,000 bpd for the rest of 2008, once production stabilises following flow testing.
Galoc’s estimated oil reserves are approximately 10 million barrels. This may change over the coming months if potential for further development is undertaken.
Vitol has a 40% shareholding interest in the Galoc Service Contract through its ownership of the Galoc Production Company.
Vitoloil's Weblog 