Perth-based oil and gas junior Otto Energy has announced a $US18.7 million deal to increase its stake in the Galoc oil field in the Philippines to 33 per cent.
Shares in Otto Energy have risen after the company declared it was free from debt and its Galoc oil field in the Philippines had reached commerciality.
WESTERN Australia's Advanced Well Technologies Pty Ltd has been awarded a major contract for the engineering, procurement and construction management of sub-sea wells for Galoc Production Company's fi
