Kirkland gets license in hot Philippines area

Journal Article · Mon Aug 03 04:00:00 EDT 1992 · Oil and Gas Journal; (United States)

OSTI ID:7283418

Kirkland, A S

This paper reports that Kirkland As, Oslo, has received a geophysical survey and exploration contract (GSEC) in a sizzling exploration and development theater off the Philippines. The license covers about 6,000 sq miles of undisputed waters, with depths mostly less than 300 ft, and lies in the Reed Bank area off Northwest Palawan Island, where several major oil and gas strikes have been made recently. Kirkland has 1 year in which to carry out its seismic work commitment. The terms of the GSEC then give an option to drill one well in a 6 month period. Once the results have been analyzed, the company can either drill another well or enter into a service contract for the license. Kirkland has a 65% share in the license, with the remainder split between Philippine companies Philodrill Corp., Beguet Mining Corp. subsidiary Petrofields, and Seafront Resources Corp. The Philippines is one of Kirkland's main areas of activity, the Kirkland Commercial Manager Ralph Baxter.

• OSTI ID: 7283418
• Journal Information: Oil and Gas Journal; (United States), Journal Name: Oil and Gas Journal; (United States) Vol. 90:31; ISSN 0030-1388; ISSN OIGJA
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020200 -- Petroleum-- Reserves
Geology
& Exploration
020700* -- Petroleum-- Economics
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
294002 -- Energy Planning & Policy-- Petroleum
ASIA
CONTRACTS
DATA PROCESSING
DEVELOPING COUNTRIES
DRILLING
EXPLORATION
GEOLOGIC DEPOSITS
GEOPHYSICAL SURVEYS
ISLANDS
LICENSING
MINERAL RESOURCES
OIL FIELDS
PETROLEUM DEPOSITS
PHILIPPINES
PLANNING
PROCESSING
RESOURCE DEVELOPMENT
RESOURCES
SEISMIC SURVEYS
SITE CHARACTERIZATION
SURVEYS
WELL DRILLING