The Department of Energy (DOE) received a nomination (Nominated Area 3) for an open area located in the Southeast Luzon Basin, under the Philippines Conventional Energy Contracting Program (PCECP) in mid-July 2019.  Block description  Nominated Area 3 (NA3) covers an area of 3,440 sq km at water depths between 5 m and 1,700 m. The area is located approximately 100 km east of SC 53, currently operated by Mindoro-Palawan Oil and Gas Inc. Upon approval of the nomination, the nominating party for Area 3 had published its application in local newspapers on 21 June 2019. The deadline for document submission is on 20 August 2019.  A large portion of NA3 was offered during Philippines Energy Contracting Round V (PECRV â Area 1) in 2014. The area received a bid from Yulaga Oil, however the company was considered disqualified due to insufficient required documents.  A total of 20 onshore wells were drilled from 1915 until 2008, however no discovery encountered. The area is covered by 2D seismic data from multiple surveys which were shot from 1979 to 2009.    Petroleum System  Potential reservoir targets include Oligocene to Upper Miocene carbonates and sandstones with possible source of oil and gas accumulation from the Oligocene to Lower Miocene coaly sediments and fine clastics. Middle Miocene to Pliocene fine clastics provides the seal. Play types identified in the block are anticline, fault block, and reef build-up.     Main risk in these areas would be hydrocarbon charge, as evidenced by the Monte Cristo 1 well (2008). The well encountered good reservoir but no hydrocarbon accumulation.  Background Information  Southeast Luzon Basin  Southeast Luzon is a frontier basin with fair to good oil, and minor gas potential. The basin sedimentary thickness is up to 8,500 m. Since 1900s, exploration activities had been focusing on the central of the basin, targeting the Oligocene to Lower Miocene reefal carbonates. The first exploration well, Bahay 1 (1906) was drilled by Tayabas Natural Oil Association to a depth of 37 m and later plugged and abandoned as oil and gas shows. Since then, a total of 51 new-field wildcats were drilled in the basin, resulting in 21 wells with oil and gas shows, 12 wells with gas shows, 4 wells with oil shows and 14 dry wells. Several other leads and prospects were identified including the San Narcisco South, Gorda and Ragay G prospects prior to the last contract expiry (within the basin) under SC 43 in 2014.
The Department of Energy (DOE) received a nomination (Nominated Area 3) for an open area located in the Southeast Luzon Basin, under the Philippines Conventional Energy Contracting Program (PCECP) in mid-July 2019. Block description Nominated Area 3 (NA3) covers an area of 3,440 sq km at water depths between 5 m and 1,700 m. 