Author Topic: Philippines Owns Largest Oil and Natural Gas Deposits in the World  (Read 16370 times)

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By Alex Villanueva
PNA

The Kalayaan Island Group (KIG) in Spratlys off South China Sea is believed to be sitting on top of what could be the largest oil and natural gas deposits in the world, and holds one of the four largest hydrocarbon concentrations.

It could be able to generate 17.1 billion barrels of oil, more than Kuwait's 13 billion barrels based on the report of China’s Ministry of Geology and Mineral Resources.

This was revealed by Jose Antonio Socrates, a known geologist here who is consultant of Palawan on maritime affairs.

Socrates, also a doctor of orthopedics, is actively monitoring KIG and the Malampaya oil project in northern Palawan.

The KIG is the subject of territorial claims by six Asian countries including the Philippines. But with the signing of Presidential Decree 1596 in 1978 by then President Ferdinand Marcos, the territory was incorporated within the jurisdiction of the province to strengthen the country’s claim over the area.

Aside from the Philippines, Brunei, China, Malaysia, Taiwan and Vietnam also claim the KIG in part or as a whole.

All claimant countries believe there are some 200 billion barrels of oil, natural gas, minerals and polymetals — such as gold, silver, iron and nickel — under the sea surrounding the Spratlys.

One of the oil prospects in the KIG Socrates mentioned is the Marantao Petroleum Fields, located in the South Palawan Shelf-Reed Sedimentary Basin.

The Marantao prospect is a carbonate build-up (reef) interpreted to be at least five times larger than the Malampaya gas project.

The potential oil reserve in Marantao that is under Service Contract 55 is estimated at one billion barrels. Malampaya only has an estimated 2.5 million cubic feet of natural gas reserves, and 85 million barrels of condensate which could provide 2,700 megawatts of electricity to Luzon for 20 years.

Socrates further disclosed that aside from Marantao, KIG could be hosting other prospects like Sirinao, Bajallanura, and a string of other structures collectively known as the Rizal Leads.

These structures, or areas where possible oil and gas deposits can be located, lie along the giant petroleum fields offshore Borneo up to Mindoro in the continental shelf of the eastern coast of the South China Sea.

Socrates reported that that continental shelf of the South China Sea has geological structures that can trap oil in large quantities.

Meanwhile, Malampaya is just one of many petroleum deposits of one vast reservoir rock formation offshore both east side and west side of the province.

There are 15 service contracts within Palawan covering an area measuring about 11.85 million hectares.

Some of the service contracts (SC) in Palawan are: SC 50, which covers 128,000 hectares in Northwestern Palawan; SC 55 covering 900,000 hectares in West Palawan; SC 61 covering 1.3 million hectares in northeastern Palawan; SC 62 covering 1.3 million hectares in southeastern Palawan; SC 67 covering 648 million hectares in eastern Palawan, SC 68 covering 983,000 hectares in eastern Palawan; SC 59, which covers 1.47 million hectares in West Balabac in southwestern Palawan; and SC 63 covering one million hectares in southwestern Palawan.

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lindy

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Re: Philippines Owns Largest Oil and Natural Gas Deposits in the World
« Reply #2 on: February 04, 2009, 04:18:27 AM »
25 years ago pa ko nakadungog ining balita-a. hangtud karon mao lang gihapon puros balita way nilugwa. kon naa man kinsa may nabulahan ani?

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A Layman

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Re: Philippines Owns Largest Oil and Natural Gas Deposits in the World
« Reply #3 on: February 04, 2009, 10:02:17 AM »
A sort of a publicity to entice foriegn investors to come in and the government people could rake another multi million dollars generated in red tapes. What is this, another 'Entrapment Operation' in the making?

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Re: Philippines Owns Largest Oil and Natural Gas Deposits in the World
« Reply #4 on: February 04, 2009, 01:14:46 PM »
bisan pag naa, wa man pod oroy moabot ani sa kamot sa mga lungsoranon

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A Layman

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Re: Philippines Owns Largest Oil and Natural Gas Deposits in the World
« Reply #5 on: February 04, 2009, 02:52:41 PM »
Sa una niingon sila nga when Mampalaya Oil Exploration is in full operation, it's refined product could serve 20% of the total oil consumption of our country. And now, mohisgot na sab silag, ay gamay ra man diay ang oil reserve aning dapita balhin na sab ta diha sa Kalayaan Group of Island. Please people in the energy sector, do your assignment right, don't be bookish and fool your countrymen about your findings done only at the libraries.

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Re: Philippines Owns Largest Oil and Natural Gas Deposits in the World
« Reply #7 on: February 04, 2009, 06:34:23 PM »
ambisyusu pud ning Vietnam dah. kalayu nila.

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lindy

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Re: Philippines Owns Largest Oil and Natural Gas Deposits in the World
« Reply #8 on: February 04, 2009, 07:19:45 PM »
unsa nay balita adtong ultanan sa Bohol ug Cebu nga nahilom naman.

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Re: Philippines Owns Largest Oil and Natural Gas Deposits in the World
« Reply #9 on: February 04, 2009, 07:23:52 PM »

if ever naa. adto ra gihapon ni padong sa private companies. :P

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Re: Philippines Owns Largest Oil and Natural Gas Deposits in the World
« Reply #10 on: February 04, 2009, 09:22:29 PM »
ambisyusu pud ning Vietnam dah. kalayu nila.

anad man lagi na sila mangobkob kiams panahon pas Vietnam War.


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Re: Philippines Owns Largest Oil and Natural Gas Deposits in the World
« Reply #11 on: February 04, 2009, 09:38:16 PM »
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Re: Philippines Owns Largest Oil and Natural Gas Deposits in the World
« Reply #12 on: February 04, 2009, 09:40:06 PM »
if ever naa. adto ra gihapon ni padong sa private companies. :P

korek ka, gings

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upian

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Re: Philippines Owns Largest Oil and Natural Gas Deposits in the World
« Reply #13 on: March 07, 2010, 12:26:22 PM »
we Filipino must not be very ignorant with the information like this, what we have. We are now facing this very crucial stage of generation. This expository has its meaning to ignite our hope to progress our living.

KITA DAPAT NAA TAY KAUSA THIS COMING ELECTION TO CHOSE THE RIGHT PERSON NA MAGING VESSEL PARA MUDALOY SA PILIPINAS AND TINUOD NGA PAGBAG-O SA NASUD. GOD BLESS!!!!!!!!!!!!!!!!

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upian

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Re: Philippines Owns Largest Oil and Natural Gas Deposits in the World
« Reply #14 on: March 07, 2010, 12:32:43 PM »
DILI KAY KUTOB RA TA SA PAGPOST UG MGA NEGATIVE NGA COMMENTS. SA TANANG COMMENTS NGA AKONG NBSAHAN INI NGA SITE...NATUNGKAD NA NKO KUNG NGANONG MIDANAS UG HIRAP ANG MGA FILIPINO..TUNGOD KAY MGA IGNORANT TA. PURKI`T NAA TAY MAKAON SA ADLAW2X ENOUGH NA. TAN AWA INJONG PALIBUT...MGA TAWONG NANGINAHANGLAN UG TABANG, MAG TAWONG GUTOM...KAMPANTE NBA MO SA INJONG NAKITA?


I HOPE NA ANG SALITANG BOT2X..DLI NA MADUNGOG SA USA KA FILIPINO..LABINA SA MGA PARIHA NAHUNG BISAYA.

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Re: Philippines Owns Largest Oil and Natural Gas Deposits in the World
« Reply #15 on: March 07, 2010, 12:49:26 PM »
DILI KAY KUTOB RA TA SA PAGPOST UG MGA NEGATIVE NGA COMMENTS. SA TANANG COMMENTS NGA AKONG NBSAHAN INI NGA SITE...NATUNGKAD NA NKO KUNG NGANONG MIDANAS UG HIRAP ANG MGA FILIPINO..TUNGOD KAY MGA IGNORANT TA. PURKI`T NAA TAY MAKAON SA ADLAW2X ENOUGH NA. TAN AWA INJONG PALIBUT...MGA TAWONG NANGINAHANGLAN UG TABANG, MAG TAWONG GUTOM...KAMPANTE NBA MO SA INJONG NAKITA?


I HOPE NA ANG SALITANG BOT2X..DLI NA MADUNGOG SA USA KA FILIPINO..LABINA SA MGA PARIHA NAHUNG BISAYA.


Bay Upian,

I can't seem to get your point, but I duly note the fact of your adding yet another negative comment to this thread.

Hoping that you enjoy the rest of your weekend,

I remain,

Your fellow Bisaya,
Hubag




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upian

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Re: Philippines Owns Largest Oil and Natural Gas Deposits in the World
« Reply #16 on: March 07, 2010, 01:04:36 PM »
I just want to challenge people who`s registering at the this web site, not  just to post something more than nothing..such as BOT2X ort tsk tsk...why not use their knowledge or intellect to post something nga mkapa taas sa kalidad sa atong pagtawo. makahatag ug hope para sa maayong ugma,..

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Re: Philippines Owns Largest Oil and Natural Gas Deposits in the World
« Reply #17 on: March 07, 2010, 01:21:29 PM »
I just want to challenge people who`s registering at the this web site, not  just to post something more than nothing..such as BOT2X ort tsk tsk...why not use their knowledge or intellect to post something nga mkapa taas sa kalidad sa atong pagtawo. makahatag ug hope para sa maayong ugma,..

Kon basahon nimo ang ubang posts diri, daghan bayang gipadayag nga hunahuna nga hinungdanon. Si Glacier, pananglit, nga mihatag lang og usa ka pulong nga komentaryo sa sinugdanan niining maong thread, adunay daghang mga panahom nga napagawas na dinhi sa Tubag Bohol, sa kapid-an na nga mga thread, nga hayan imong matawag nga matinud-anon ug, sigon sa imong gipangita, makapataas sa kalidad sa atong pagkatawo.

Please bear with the "chaff" here, Bay Upian, and zero in on the grain. We here feel that all work and no play makes Juan a dull--and unpleasant--boy. Just do read some more...

Salamat.

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lionshearth

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Re: Philippines Owns Largest Oil and Natural Gas Deposits in the World
« Reply #18 on: March 08, 2010, 10:41:41 AM »
25 years ago pa ko nakadungog ining balita-a. hangtud karon mao lang gihapon puros balita way nilugwa. kon naa man kinsa may nabulahan ani?

Ang mahimong bulahan ani mao ang mga tsikwa!!!Kay gipasagdan naman lang sa atong Pamunuan ang maong lugar...taman nalang ta ini sa paghanduraw.

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