Little is known publicly concerning the discovery but a July 18, 2013 service contract for Malolos 1, provides the following description: “The Malolos Oil Field is located some eight kilometers by road from the Cebu’s western coast.
Oil transportation options from the Malolos Oil Field include road transport by a new, all weather, concrete road from the well site to coastal port options at nearby Aloguinsan (8 kms — less than 10 minutes by road) or the larger, established port of Toledo (32 kms — 30 minutes by road).
One option would be to load the oil onto marine transport for sale either to one of two oil refineries located in Batangas, Philippines (approximately 500 kms north) or in Singapore.â€
Although there had been gas finds in the Philippines, most of the wells are located offshore and require considerable investments to extract. (Reuters)
Linkback:
https://tubagbohol.mikeligalig.com/index.php?topic=77327.0