22%

14% Dry Shows Non-commercial

14%

34%

Potential Developments Developed

16%

Dry
7

Shows
17

Non8

Potential
7

Developed
11

TOTAL
50

Dry Bacuit-A1 Calamian-1 Dimipac-1 Enterprise Point-1 Pagasa-1A San Marcellino-1 Princessa-1

Shows Bantac-1 Batas-1 Busuanga-1 Busuanga South-1 Caverna-1 Coron-1 Custodio-1 Esperanza-1 Guntao-1 Malajon-1 Nalaut-1 Nido-2X-1 North Iloc-1 North Nido-1 Saddle Rock-1 Signal Head-1 Verde-1

Non-commercial Calauit-1B Calauit South-1 Linapacan-A1 Linapacan-B1 Nido-1X-1 Nido-1 Signal Head-2 South Pandan-1

Potential Developments Bonita-1 Destacado-1 Galoc-1 Octon-1 South Galoc-1 SanMartin A-1X West Linapacan B

Developed Cadlao-1 Camago-1 Libro-1 Matinloc-1 Malampaya-1 North Matinloc-1 Pandan-1 South Nido-1 South Nido West-1 Tara-1 West Linapacan A

Very Few Wells in the Palawan Basin have been dry. Success rates are very high by world standards. The new understanding of the Basin from 3D Seismic has transformed the exploration approach NW PALAWAN BASIN Well Success Breakdown
Figure 3

3D Seismic delivered in 1999

Over 4,500 square kilometres of 3D data has been acquired recently in the basin. Much of it is available for purchase. This slide shows the Western Geco Survey recorded in 1997-8 (inside the green boundary)

GALOC

The map shows Nidos 3 blocks in relation to the giant Malampaya

MALAMPAYA

Gas/Condensate field (owned by Shell/Texaco/PNOC)

Malamp aya Gas P ipeline

which came onstream late 2001, and is designed for production at 500 mmcfd. Malampaya reserves are 3 TCF gas & 300 mmbbl condensate

RON NORTH

CORON NORTH

MATINLOC OILFIELD

NIDO OILFIELD

Historically the main target in the basin has been the Nido Limestone. This has produced one large discovery, and a few medium size discoveries. The key to success in drilling the lower Miocene limetones is recognition of carbonate buildups, which are areally restricted to the footwall high blocks to the old
Figure 4

rifted graben. Many projects were mis-directed because this understanding was not available from the 2D data. Other targets exist within Miocene clastics, older carbonates, and
Figure 4

the unexplored rift sequence.

Comparison of Interpretation from 2D data to that possible with 3D data.

South East Asia Current Day Setting Showing Association of S China Sea and NW Palawan Oil & Gasfields
Map Taken From London University SE Asia Research Group (Publicly Available at http://www.gl.rhul.ac.uk/seasia/Rese arch/Plate_Tect/2002_animation/2002 _animation.html)

Guangzhou

N I S

Macao

Hong Kong

LiuHua Field

Calauit 0 km 200

SI

ER

Malampaya Nido

Galoc Octon W. Linapacan Matinloc Cadlao

EA

Y E L
O A S T

PACIFIC OCEAN

South China Sea Palawan Basin Early Cretaceous Pre-Rift Reconstruction Showing Relative Locations of Discoveries

Likely Well Location

The Coron North Prospect is an exploration prospect in the Nido Limestone. It lies on the Malampaya trend and has similar features. It has reserves of between 75 and 100 mmbbls, and oil is expected rather than gas. Water Depth 325 metres, planned total depth 3750 metres.

3D Image showing turbidite sinuous channel sustems over the Miocene limestone surface, and demonstrating the Pagasa Turbidite Play

A specific example Of a potential lead Within the Pagasa Turbidite System

Area = ~ 29.7km2 Internal Geometry Mostly Linear, Amplitude Strength Controlled By Sea Floor Channel

Sagging caused by Sea Floor Channel

Possible Flat Spot