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Exploration
 
 
 
 
     
             
     
 
     
 
WEST LINAPACAN [SC 14C]
 
 

Farm-in proposals from several foreign groups are currently under review by the consortium partners.

 
     
 

The West Linapacan "A" field which was discovered in 1991 by Alcorn Petroleum was put on production with three (3) sub-sea-completed wells tied back to a FPSO. The field was producing at a rate of 17,000 BOPD until it was saddled with severe water incursion starting on the second year of operation. The field had produced a total of 6.8 Million barrels of oil at the time when a decision to suspend the production operation was made in January 1996.

 
     
  With proven reserves in the order of 20 to 30 MMBO, and prevailing high crude prices, the West Linapacan Block which cover the West Linapacan "A" field and another undeveloped discovery West Linapacan "B", remains as a promising area thus drawing interest from various foreign operators.  
     
 

PetroEnergy holds 4.137% interest in the Block.

 
     
     
     
     
 
EXPLORATION
  GABON, ETAME MARIN EXPORATION PERMIT
  PHILIPPINES
   

GALOC

WEST LINAPACAN

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