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Trivia IN THE PHILIPPINES, THERE ARE 15 OIL/GAS AREAS THAT CAN GENERATE BILLIONS OF DOLLARS

Discussion in 'General Chat' started by meowzkingz, May 29, 2015.

  1. IN THE PHILIPPINES, THERE ARE 15 OIL/GAS AREAS THAT CAN GENERATE BILLIONS OF DOLLARS WHICH CAN END POVERTY AND CAN MAKE IT A FIRST WORLD NATION

    Currently, oil exploration in the Philippines is a discreet operation by the few greedy individuals. This is one of the main reason why Cybercrime Law has been passed immediately, because it's forbidden to reach the public knowledge.

    The areas are as follows:

    AREA 1 CAGAYAN 5440
    AREA 2 CENTRAL LUZON 6760
    AREA 3 NORTHWEST PALAWAN 6000
    AREA 4 NORTHWEST PALAWAN 6160
    AREA 5 NORTHWEST PALAWAN 4240
    AREA 6 MINDORO CUYO 8400
    AREA 7 MINDORO CUYO 8440
    AREA 8 EAST PALAWAN 8400
    AREA 9 EAST PALAWAN 8400
    AREA 10 EAST PALAWAN 6400
    AREA 11 EAST PALAWAN 6000
    AREA 12 COTABATO 4560
    AREA 13 EAST PALAWAN 6480
    AREA 14 EAST PALAWAN 9839
    AREA 15 SULU SEA 4820

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    AREA 2 (MANILA BAY/CENTRAL LUZON) is capable of producing 30M barrels of oil per day. The estimated volume of total recoverable excluding the unmapped resources in Central Luzon Basin is around 902 million barrels of oil and 12, 937 million cubic feet of gas while AREA 12 (Cotabato) is second to the smallest area that is capable of producing 20M barrels per day.

    According to blackpearl.com.ph, there are three onshore and 12 offshore blocks which are offered in the petroleum contracting round, covering a total area of over 10 million hectares located in Northwest Palawan, East Palawan, and Sulu Sea basins.

    Areas on offer include: Area 1 (544,000 hectares) in Cagayan; Area 2 (676,000) in Central Luzon; Area 3 (600,000) in Northwest Palawan; Area 4 (616,000) Northwest Palawan; Area 5 (424,000) Northwest Palawan; Area 6 (840,000) in Mindoro Cuyo; Area 7 (844,000) in Mindoro Cuyo; Area 8 (840,000) in East Palawan; Area 9 (840,000) in East Palawan; Area 10 (640,000) in East Palawan; Area 11 (600,000) in Cotabato; Area 12 (456,000) in Cotabato; Area 13 (648,000) in East Palawan; Area 14 (983,900) in East Palawan and Area 15 (482,000) in Sulu Sea.

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    Department of Energy
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