By OGJ editors
HOUSTON, June 9 – ExxonMobil Exploration & Production Philippines BV has spud the Palendag-1 exploratory well in the deepest water drilled off the Philippines.
The well is in 6,362 ft of water in the Sulu Sea on Service Contract 56 east of Borneo in the Sandakan basin. It is the third well in the block.
ExxonMobil drilled Dabakan-1 to more than 16,000 ft and Banduria-1 to 13,534 ft between October 2009 and February 2010. Those two wells, 22 miles apart, are discoveries of unspecified magnitude (OGJ Online, Jan. 22, 2010).
The ExxonMobil subsidiary has a 50% participating interest in SC 56. Other interest holders are Mitra Energy (Philippines SC-56) Ltd. and BHP Billiton Petroleum (International Exploration) Pty. Ltd. each 25%.
