By
Lenie Lectura - March 18, 2018
ENERGY
Secretary Alfonso G. Cusi said the Alegria Oil Field in Southern Cebu has the
potential to power up a 60-megawatt (MW) gas plant.
“An initial study shows
it can support a 60-MW plant. They are working on it, preparing. This will help
the power supply in the Visayas, especially Cebu,” Cusi said.
The agency formally
declared last week the Alegria Oil Field in Southern Cebu has commercial
quantities of natural gas and oil resources.
Cusi said that for oil
resources, the Alegria Oil Field would have two wells “ready to produce 180
barrels each every day, for a total of 360 barrels per day.”
“It will help the
economy because it will support the local industry using crude oil. That will
be a big help even though it’s only 360 barrels because it is still a positive
development,” he added.
The Department of
Energy (DOE) and China International Mining Petroleum Co. Ltd. (CIMP Co. Ltd.)
earlier discovered an estimated 27.93 million barrels of oil (MMBO) with a
possible production recovery of 3.35 MMBO or a conservative estimate of 12
percent of total oil in place/reserves.
CIMP Co. Ltd.,
holds Petroleum Service Contract 49, which covers the Alegria Oil Field.
For natural gas, about
9.42 billion cubic feet (bcf) reserves were found, with the recoverable
resource estimated at 6.6 bcf or about 70 percent of total natural gas in
place/reserves.
Based on the
development plan crafted after the initial testing, the natural gas and oil
production of the field may last until 2037.
In 2016 the DOE and
CIMP Co. Ltd., jointly established that the oil field contained commercial
quantities of natural gas upon its discovery of oil accumulation in the
adjacent hydrocarbon traps within the Alegria underground area.
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