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The Department of Energy said Monday Ratio Petroleum Ltd. of Israel, the operator of Petroleum Service Contract No. 76, will conduct a 3D seismic survey in the East Palawan Basin this month.
“By capturing detailed and high-quality seismic data within the block, Ratio aims to enhance its understanding of the basin’s geological characteristics, gather high-quality geophysical data, identify optimal drilling locations with greater precision, and assess the potential for new oil and gas discoveries in offshore East Palawan,” the DOE said.The 3D seismic survey will take around 35 days to complete, covering about 1,500 square kilometers of modern 3D seismic data.
The Philippines has experienced a significant gap in seismic survey activity over the past eight years, according to the DOE.
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