Geologists from the Philippine National Oil Company- Exploration Corp. (PNOC-EC), a subsidiary of PNOC mandated by the government to take the lead on exploration, development and production of the country’s oil, gas and coal resources, announced the discovery of a major gas field in Isabela.
PNOC-EC chairman Gemiliano “Mel” Lopez Jr. expressed elation as he shared the good news to the Philippine Daily Inquirer during a phone interview.
“The good Lord has answered our prayers,” Lopez said.
Quoting the PNOC-EC geologists, Mel Lopez, a former mayor of Manila, said, “Umapoy na ang Mangosteen (Mangosteen flared up), indicating a successful gas find.
The discovery of the Mangosteen oil field will complement the Malampaya gas-to-power project in Palawan, Lopez said.
“By the grace of God, we found natural gas within the President’s term, one that would complement the production of the Malampaya offshore project in Palawan and allow us to supply additional cheap and clean energy to our people,” he said
But unlike the offshore Malampaya field whose reserves are 3,000 below sea level, the Mangosteen natural gas field in Isabela is located on land.
The Mangosteen field, located 8 kilometers south of Santiago, Isabela, has a recoverable resource potential of 71 billion cubic feet of natural gas reserves. It is estimated to contribute 60 megawatts to Luzon grid for at least fifteen years.
Another good news for the new discovery is that it is wholly owned by the Philippine government, unlike the Malampaya which is 90 percent owned by foreign companies. This means if the Mangosteen project is upgraded into a gas-to-power project like Malampaya, all the revenues that will be generated from it will go to the coffers of the government.
Lopez said he prepared a report of the good news and relayed it to President Benigno Aquino III.