Petroleum Operations and Projects
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SC-41 Offshore Sulu Sea Sandakan Basin
SC-41 is on its tenth contract year which will last until May 10, 2010 unless extended. The SC-41 group still believes that the block has the potential to host commercial hydrocarbons despite the momentary set back as Lumba-Lumba-1 well only tested one of the several different independent prospects in the block.
Service Contract 60 Northeast Palawan
SC-60 is one of the Company’s as well as the country’s most promising areas in terms of potential for large accumulations for petroleum. A rigorous study of the 3D seismic data was conducted and highlighted a number of leads, several of which have been elevated to prospect status.
