GEOLOGICAL SOCIETY OF THE PHILIPPINES
| THE NW SULU SEA BASIN, PHILIPPINES: AN ATTRACTIVE FRONTIER AREA FOR PETROLEUM EXPLORATION |
Ricardo G. Poblete, Jr. and Arturo A. Morado, Jr.
Numerous large to giant-sized leads, representing the four (4) major play types that are identified in the basin, are presented. The major play types are:
Geological conditions in the relatively unexplored NW Sulu Sea Basin present possibilities for oil and/or gas accumulations. The similar distance to the market in Luzon of the NW Sulu Sea Basin and the giant Camago-Malampaya Gas Field, currently under development by Shell (gas-to-power) in the deep waters of NWPA, implies that even a gas accumulation from the giant leads in the NW Sulu Sea Basin can be a viable economic venture. The variety of the types of leads in both shallow and deep waters in the area present the explorers with medium risk-high reward to high risk-high reward exploration opportunities.
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