Project Profile
Value: US$100 million
Location: Service Contract 72, offshore Palawan
Reserves: 96.3 billion cubic metres
Start-up year: 2013
The Sampaguita field is located at Service Contract 72, offshore Palawan. The field covers 880,000 hectares within the Reed Bank basin. The Sampaguita field, which is estimated to contain at least 96.3 billion cubic metres, with an upside potential of as much as 566 billion cubic metres of gas. Aside from the large Sampaguita gas discovery, the SC 72 field contained at least eight other potential prospects. The resources within SC 72 are believed to be enough to form the foundations of a liquefied natural gas (LNG) project.
Operators:
Forum Energy: Operator with 100% interest
Contractors:
Weatherford Petroleum Consultants: Interpretation of new 3-D and 2-D seismic data