PHILIPPINES EXPLORATORY DRILLING ACCELERATING

The number of exploratory wells in the Philippines should reach double figures this year for the first time since 1982. Ten wells are scheduled for 1991--eight offshore and two onshore--says County Natwest Woodmac, Edinburgh. Much of the drilling will be in deep water north and west of Palawan Island, scene of a number of recent discoveries. County Natwest said at least 31 Philippine exploration and appraisal wells will be drilled by 1995. This figure could prove conservative because it does

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