Project Profile
Location: Southern part of the Mindoro Basin - Cuyo Platform, a continental rift basin offshore Philippines
Area: 8,440 sq km
Water depth: 100 - 1,300 m
Start-up Year: -
Service Contract 73 is an offshore block located in the southern part of the Mindoro Basin - Cuyo Platform, a continental rift basin offshore the Philippines. There is an existing 2D seismic data set of over 1,864 miles (3,000 kilometres) covering the block. The petroleum play types identified in Service Contract 73 are reef build-ups, fault blocks and anticlines. The reservoir intervals are Early Miocene to Pliocene carbonates and Early to Late Miocene carbonates and clastics. Source rocks are coaly and organic-rich claystones of Eocene to Middle Miocene. Middle Miocene carbonates and clastics provide the seal for the system. Oil has been discovered with an Extended Production Test conducted in 1994 at the Maniguin wells near the block. The occurrence of oil seepages in the Mindoro Island region also confirms the presence of an active petroleum system in the area.
Operators:
Otto Energy Ltd: Operator with 100% interest