Forum Energy Gets SC72 Licence Extension, Philippines

Forum Energy, the UK incorporated oil and gas exploration and production company with a focus on the Philippines, confirms that the Philippine Department of Energy has granted the Company’s request for an extension to the second sub-phase of Service Contract 72 (“SC72”).

The deadline for completion of the second sub-phase, comprising the drilling of two appraisal wells, has now been extended by one year to 15 August 2016.

Forum Energy holds 70% interest in SC72 (Recto Bank), an offshore licence which contains the Sampaguita Gas Field as well as several oil and gas leads.

In 2006 Count Geophysics and Oilfield Production Consultants (OPC) Limited produced an Evaluation Report covering SC72. The report indicated mean resources of 3.4 TCF Gas in Place (GIP) with potential upside ranging up to 20TCF Gas in Place (GIP).

Press Release, July 09, 2014

Share this article

Follow Subsea World News

Events>

<< Jul 2019 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31 1 2 3 4

Submarine Networks World 2019

As the key annual gathering for decision makers in the subsea communications value chain, they offer a dedicated platform…

read more >

8th International Conference 2019 Offshore Wind Power Substations

The International Conference Offshore Wind Power Substations is a technical event for experts in the wind industry.

read more >

Wind Turbine Towers

Wind Turbine Towers is a technical event for experts in the wind industry and the goal is to push forward technical development for future tower concepts.

read more >

Seatrade Europe 2019

The three day event will  take place in the hub of the European cruise industry, Hamburg; Germany…

read more >