By OGJ editors
HOUSTON, Oct. 14 -- Pitkin Petroleum PLC let a contract to BGP Inc. of China to shoot 200 line-km of 2D land seismic on SC 53 on Mindoro Island, Philippines.
The 7,240-sq km contract area lies mostly on land and has numerous onshore oil and gas seeps, two gas discoveries, and more than 15 prospective structures with 7-65 sq km of closure.
Pitkin Petroleum has 70% participating interest in the block. The other 30% is held by Philodrill Corp., Basic Consolidated Inc., and Anglo Philippine Holdings Corp.
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