Area Drilling

Philippines The Department of Energy granted Pacrim Energy Ltd. et al. a nonexclusive geophysical permit for an area known as the Bamban-Clark-Manila Corridor (BCMC). The permit area comprises 358,560 acres. Pacrim believes the area likely gas prone. Possible markets are industries at Clark, the former U.S. air base, Subic Bay, and several power plants that feed the Luzon grid. Gas has been proven to be present 40 km northeast of the BCMC at the Amoco Victoria 1, drilled in 1979 on a farmout from Houston Oil & Minerals Corp. The well flowed 1.2 MMcfd. The BCMC contains the very large, never tested Bamban anticline 4 miles north of the runways at Clark. Several other su...

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