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Service Contract 59 – West Balabac

Transparency Seal
Corporate Governance
Freedom Of Information
ISO
Project Location
Offshore Southwest Palawan
JV Partners and Percent Equity
PNOC EC
100%
Service Contract 59 – West Balabac
Project description

SC 59 was awarded to PNOC EC by the DOE on 13 January 2006. It covers an area of 14,760 km2 in offshore Southwest Palawan and is located north of the deep-water gas discoveries in offshore Malaysia.

 

BHP Billiton farmed-in into SC 59 in 2009 acquiring 75% working interest and operatorship but later withdrew in 2013.

Brief Background
In 2006, PNOC EC acquired about 2,000 km of 2D seismic data to promote the area.  This was successful with BHP farming-in.  As part of their commitment, BHP acquired 3,000 km2 of 3D seismic data and 5,000 km of 2D seismic data. Their seismic program, one of the largest by a single company in the Philippines, resulted in several drillable targets.

 

In 2016, about 3,000 km of 2D data was acquired and processed in the shallow-water portion of the block. It also includes the acquisition of gravity and magnetic data. These new data aims to identify shallow-water drilling targets to complement the deepwater prospects earlier identified.

PNOC EC now holds 100% interest and is farming-out the block.

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