Australia’s Searcher Seismic has begun a multi-client 2D seismic survey of the Philippines’ West Luzon basin ahead of the south-east Asian state’s next licensing round.
Searcher Seismic’s Barrett Cameron said the survey being conducted in co-operation with the Philippine Department of Energy (DoE) would provide “essential data over an unexplored area” that is not covered by any modern seismic.
The 3843-square kilometre shoot encompasses four open permits – blocks 8, 9, 10 and 11 – that are being offered in the fifth Philippine Energy and Contracting Round (PECR5) which opened in June.
The survey is due to finish in August and its fast-track data is due to be available in time for bidders to evaluate blocks before PECR5 closes in February, Searcher Seismic said.
The DoE puts the estimated resource potential for the entire frontier West Luzon basin at around 6237.8 trillion cubic feet of gas.