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Service Contract 63 – East Sabina

Transparency Seal
Corporate Governance
Freedom Of Information
ISO
Project Location
Offshore Southwest Palawan
JV Partners and Percent Equity
PNOC EC (Subject to DOE Approval))
40%
NIDO Petroleum (Operator)
50%
Service Contract 63 – East Sabina
Project description

SC 63 was jointly bidded and awarded to PNOC EC and Nido Petroleum on 24 November 2006 with each holding 50% interest. It covers an area of 5,280 km2 in offshore Southwest Palawan, south of SC 75.

In 2014, Dragon Oil farmed-in acquiring 40% interest while PNOC EC’s interest was reduced to 40% and Nido to 20%. Following Dragon Oil’s withdrawal from the service contract effective December 2017, PNOC EC now holds a 50% interest while Nido Petroleum Ltd. has 50% and operatorship.

Brief Background
As part of the SC 63 commitment, 3,254 km 2D and 754 km2 3D seismic data were acquired over the area from 2007 to 2010 with focus around the Abo-abo well, which flowed gas when drilled in the early 80’s.  Several interesting drillable targets were mapped co-relatable to the Abo-abo discovery. The presence of an active petroleum system attracted Dragon, which led to their farm-in.

The Baragatan-1A well was drilled in May to July 2014 and encountered several thin gas-charged zones, which were deemed non-commercial.  In November 2015, Dragon decided to withdraw from the block.

On 10 March 2016, the DOE granted a three-year (3) technical moratorium from November 2015 to November 2018 to allow the partners to further study the block prior to committing to drill a well.

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