Project Profile
Location: 60 km offshore from Palawan Island in SC14 Block C2 in the NW Palawan Basin, Philippines
Area: 18,000 hectares
Reserves: 9.6 million barrels of oil, 2P reserves at 16.51 million barrels and 3P at 21.03 million barrels
Water Depth: 290 - 350 m
Start-up Year: 2014
West Linapacan is located in 290 to 350 metres of water, approximately 60 kilometres offshore from Palawan Island in Service Contract 14 Block C2 in the NW Palawan Basin, Philippines. It comprises two main oil bearing structures – West Linapacan A and B – and several seismic leads. Nido and its Joint Venture partners view West Linapacan A as a potential redevelopment opportunity and West Linapacan B as a potential development opportunity.
West Linapacan A
West Linapacan A was discovered in 1990 and produced over 8 MMbbls from 1992 through to early 1996 before being shut-in. The field had a peak production rate of over 18,000 bopd. It is believed that the field\'s production rates were held at a level too high for the reservoir to sustain and early water breakthrough occurred. This has most likely resulted in a significant portion of the potential recoverable oil from the field being bypassed during this production phase. The West Linapacan B was discovered in 1993 and tests from the single well drilled on the structure flowed close to 2,900 bopd.
The re-development concept is based on drilling two horizontal, dual-lateral, subsea development wells tied back to a leased floating production system. Oil would be offloaded to a shuttle tanker. Part of the associated gas would be used as fuel. Nido Petroleum is ready to begin front-end engineering and design work on the West Linapacan oilfield re-development following a favourable reserves assessment. The assessment by Gaffney Cline and Associates put West Linapacan A field proved reserves at 9.6 million barrels of oil, proved plus probable reserves at 16.51 million barrels and proved plus probable plus possible at 21.03 million barrels. There are additional contingent and prospective resources within the field area, and the nearby West Linapacan B discovery is being assessed.
Operators:
The Philodrill Corporation: Operator with 28.070% interest
Oriental Petroleum/ Logpocor: 30.288% interest
Nido Petroleum: 22.279% interest
Forum Energy Philippines Exploration: 9.103% interest
Alcorn (APMC): 6.123% interest
PetroEnergy Resources: 4.137% interest
Contractors:
Gaffney Cline and Associates: Contract for reserves assessment