||West Linapacan A and B Oil Fields
||NW Palawan Basin, offshore Philippines.
||RMA (HK) Limited
||Discovered in 1981 at 290 metre water depth
||West Linapacan A was discovered in 1990 and produced over 8 MMbbls from 1992 through to early 1996 before being shut-in. The field had a peak production rate of over 18,000 bopd.
West Linapacan B was discovered in 1993 and tests from the single well drilled on the structure flowed close to 2,900 bopd. West Linapacan B has never been developed.
|Estimated Ultimate Recoverable Reserves (2P):
||16.51 MMstb (Nido net entitlement 3.20 MMstb)
||West Linapacan is located in 300 to 350 metres of water, approximately 60 kilometres offshore from Palawan Island in Block C2 of Service Contract 14 (SC14) in the NW Palawan Basin, Philippines. It comprises two main oil bearing structures – West Linapacan A and B – and several seismic leads. The West Linapacan A and B structures are northwest southeast trending, fault-bounded anticlines approximately 7.6 kilometres apart. Both fields produced 32 - 34º API oil from the fractured Nido limestone reservoirs.
||Over the past year the Operator, RMA, has completed an extensive technical review of the existing geological and production data from the field, resulting in new, fully integrated static and dynamic reservoir models which has underpinned the reserve and resource assessment undertaken by GCA. ASX announcement on reserves
The Joint Venture is now in a position to commence the front end engineering and design work (FEED) in order to reach a potential investment decision.