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New Oil Drilling Off West Palawan
Topic Started: Jun 5 2013, 02:55 PM (10,792 Views)
Hong Nam
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Bought by China

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Fil-Aussie consortium to drill under West Philippine Sea

ABS-CBN News- 07/19/2015

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Amid a territorial dispute with China over the West Philippine Sea, an Australian-Filipino consortium, composed of Australia’s Otto Energy Investments Ltd., Red Emperor Resources NL, and Palawan 55 Exploration and Production Corp., will spud the Hawkeye exploratory well on August 1, after the super deepwater drillship Maersk Venturer arrives on July 31.

The consortium operates Service Contract (SC) 55, a deepwater block in the southwest Palawan Basin that covers an area of 988 hectares. SC 55 is not situated in the contested territory in the West Philippine Sea.

Otto Energy said the Hawkeye well is expected to take around 23 days to drill from the Maersk Venturer’s arrival until release. Hawkeye could possibly contain a “best estimate” of 112 million barrels of oil.

Palawan 55 is a wholly owned subsidiary of Trans-Asia Petroleum Corp., a Philippine Stock Exchange-listed entity controlled by businessman Ramon R. del Rosario Jr.




Maersk Venturer to Mobilize to Hawkeye-1 Well in Palawan Basin in Late July
by Otto Energy Ltd. - Press Release
Thursday, July 02, 2015

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Otto Energy Ltd. announced Thursday it has issued Maersk Drilling with formal notice in respect of the mobilization of the Maersk Venturer (UDW drillship) to the Hawkeye-­1 exploration well location in Service Contract (SC) 55, offshore Palawan Basin in the Philippines. Mobilization to the drilling location will commence July 31 and is expected to take around 1 to 2 days, with drilling operations to commence upon arrival of the rig on location.


Rig Zone



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Hong Nam
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Bought by China

AFP ready to secure Australia-Philippines oil well in West Philippine Sea

By Alexis Romero - Philstar
July 20, 2015


The military is ready to secure the Australian-Filipino consortium that will drill for oil in the resource-rich West Philippine Sea (South China Sea), the subject of a longstanding maritime row in the region.

Armed Forces public affairs chief Lt. Col. Noel Detoyato said the military does not expect China to harass the exploration teams but Navy forces are ready for any eventuality. Detoyato said the Navy has equipment to ward off any attempt to harass the exploration team but declined to elaborate.

The site is not located in the West Philippine Sea area being claimed by China. However, there have been reports of China's presence in areas that are not being disputed by claimants.

In 2011, two Chinese ships reportedly bullied a civilian vessel commissioned by the Energy department while conducting an oil exploration in the Recto Bank.






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Bastion
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ward the Chinese off with what? Our Iribiri helmet shooter with 82t bullets? Am sure that should work with the few days he spent reconfiguring our militaries years thought of defence.
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AVBsupersonic
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Good question Mr. Bastion!

Maybe they're expecting those FA-50s would suffice any China aggression..
If they have the go signal from the US and other Allies to back us up in any case. Then we might as well award and continue the Recto Bank areas.
"Some are just lucky that they're not under oath and are not classified!"- Blue badge
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