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Wellex Industries, Inc. is a Filipino company engaged in mining and oil exploration in the Philippines. Currently headquartered in Ortigas Center, Pasig City, it is one of The Wellex Group's six major business segments. [2] The company was founded in October 1956 as Republic Resources and Development Corporation (also known as REDECO
The Alegria oil field is situated in the barangay of Montpeller in Alegria, Cebu. [2] It is an onshore oil field. [ 3 ] [ 4 ] The field covers 197,000 hectares (490,000 acres) while the production area is 42,749 hectares (105,640 acres).
The Philodrill Corporation is a petroleum exploration company based in the Philippines and publicly-listed on the Philippine Stock Exchange (PSE: OV).Its primary business is focused on exploring, developing, and producing oil, gas, and minerals products.
PNOC Exploration Corporation is the upstream oil, gas and coal subsidiary of the state-owned Philippine National Oil Company. A government owned and controlled corporation, the Company was incorporated on April 20, 1976, and is mandated by the government through the Department of Energy (DOE) to take the lead in exploration, development and production of the country’s oil, gas and coal ...
This was the first oil and gas platform to be designed and built in the Philippines, and its successful completion has made the country a player in construction for the oil and gas industry. The upstream component of the US$4.5 billion Malampaya gas-to-power project was expected to provide substantial long-term revenue of between $8 billion ...
The Philippines and China have resumed discussions about jointly exploring oil and gas resources in the South China Sea, where the two nations have sparred for decades over sovereign rights to ...
This is when most of the hydrocarbons are generated. Approximately 50%-90% petroleum is made and expelled at this point. The next step is the hydrocarbons entering the oil window. The oil window has to do with the source rock being the appropriate maturity, and also being at the right depth for oil exploration.
Finally, when a prospect has been identified and evaluated and passes the oil company's selection criteria, an exploration well is drilled in an attempt to conclusively determine the presence or absence of oil or gas. Offshore the risk can be reduced by using electromagnetic methods [1] Oil exploration is an expensive, high-risk operation.