Pet Geol
Pet Geol
Deposition of plant and animal remains Burial, pressure and temperature changes
Vitrinite(Oxygen- Vitrinite,
Woody Tissue III
Rich) Pseudovitrinite
Reworked and/or
Inertinite(Carbon- Semi Fusinite,
Oxidized Material, IV
Rich) Fusinite, Sclerotonite
Charcoal
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The organic content of a rock that is extractable
with organic solvents
Bitumen forms largely as a result of the breaking of
chemical bonds in kerogen as temperature rises.
Bitumen becomes petroleum at some point during
migration
- Some oil analysts believe that Ghawar passed its peak perhaps a
decade ago, but Saudi Arabia’s infamous lack of transparency keeps
everyone guessing. Nevertheless, it remains the world’s largest oil
field, both in terms of reserves and production. It continues to
produce 5 million barrels per day (bpd).
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Ghawar Oil Field (Saudi Arabia)
The Safaniya field is the world’s largest offshore oil field. Located in the Persian
Gulf, the Safaniya field is thought to hold more than 50 billion barrels of oil.
It is Saudi Arabia’s second largest producing field behind Ghawar, churning out 1.5
million bpd. Like Saudi Arabia’s other fields, Safaniya is very mature as it has been
producing for nearly 60 years, but Saudi Aramco is working hard to extend its
operating life.
West Qurna-2 (Iraq)- is Iraq’s second largest, holding nearly 13 billion barrels of
oil reserves.
Ilocos Trough
Central Luzon Basin Visayan Basin
NW Palawan
West Luzon SE Luzon
Mindoro- Cuyo
West Masbate-Iloilo Cagayan Basin
SW Palawan
Agusan-Davao Cotabato
Recto Bank
Bicol Shelf Sulu Sea
Most Prospective Prospective Frontier
East Palawan
NW Palawan Agusan-Davao
Pag-asa-1
1st well drilled offshore, 1971
Drilled by Oriental Petroleum Pag-asa-1
Over 573 wells drilled until 2014, ~38
discovery wells
Over 533,222 line-kms of 2D and 21,311
sq-km of 3D seismic data were acquired Toledo-1
from 1941 to 2014
Clastic Reservoir
Galoc (1988, 2008-2015)= 17.16 MMBO
Source: COSL
Source: Seadrill
Development Options
Deepwater Oil and/or Gas Discovery
Shallower Oil and Gas Discovery
Other Considerations
Market (Domestic Refinery, Exported)
Well Completion
Deepwater
Subsea
Manifold
Source: Cameron
Source: Oceanpm
Offshore Production
Platform
Oil Tanker
Offshore Production
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Platforms
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Malampaya Shallow Water Platform Malampaya Depletion Compression
(SWP) installed in March 2001 Platform (DCP) connected by a bridge to
SWP installed in 2015