By OGJ editors
HOUSTON, Sept. 26 -- The 1976 Sampaguita gas-condensate discovery in the South China Sea northwest of Palawan Island could be an accumulation of as much as 20 tcf of gas, said Forum Energy PLC, London.
Interpretation by consulting engineers of 3D seismic data acquired over the structure confirmed a minimum of 3.4 tcf of proven gas in place in the three wells. It also confirmed the structure's extension to a possible closure of 290 sq km, which would yield an estimated of 10 tcf in these sands alone. Untested sands known to contain gas could double the higher figure.
Previous estimates of Sampaguita's resource were 1 to 17 tcf with a likely 5 tcf (OGJ, Nov. 19, 2001, p. 49).
Forum, which holds 100% of the equity in Reed Bank GSEC 101, is converting the license to a service contract and plans to drill an appraisal well as soon as possible. The license is 250 km west of Malampaya gas and oil field.
