Alegria oil field
The Alegria oil field is an oil and natural gas field in the town of Alegria, Cebu, Philippines.
| Alegria oil field | |
|---|---|
| Country | Philippines |
| Region | Central Visayas |
| Location | Alegria, Cebu |
| Offshore/onshore | Onshore |
| Coordinates | 09°42′43.6″N 123°21′41.8″E |
| Operator | China International Mining Petroleum Co. Ltd. |
| Service contractors | China International Mining Petroleum Co. Ltd. |
| Field history | |
| Start of development | 2014 |
| Start of production | 2018 |
| Production | |
| Peak of production (oil) | 180 barrels per day (~11,000 t/a) |
| Estimated oil in place | 27.93 million barrels (~4.778×106 t) |
| Estimated gas in place | 9.42×109 cu ft (267×106 m3) |
| Producing formations | Alegria Anticline[1] |
Site
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).[5]
History
In 2009, China International Mining Petroleum Co. Ltd. (CIMP Co. Ltd.) was granted Petroleum Service Contract No. 49 allowing the firm to explore and drill oil in Alegria.[6] Six other firms had considered conducting oil exploration in Alegria. In August 28, 2014, CIMP Co. Ltd. became the first firm to commence oil exploration in Alegria. The operation, which was done to determine if the town had commercially viable oil reserve, was expected to last three to four months.[7]
CIMP Co. Ltd. and the Philippine Department of Energy later established that the area contained commercial quantities of natural gas when they discovered an oil accumulation in the adjacent hydrocarbon traps within the underground area of the town of Alegria, Cebu.[6] The commercial viability of the field was formally declared when the two parties signed a Joint Declaration of Commerciality on March 14, 2018.[8]
Sometime in 2018, CIMP Co. Ltd. signed a sales and purchase agreement with Tom's Power Petroleum Distributor Inc.. By early May 2018, production tests has been made with two wells already producing 180 barrels per day.[3]
Production
According to the Philippine Department of Energy, oil produced from the Alegria field will only be made available for the Philippine market. Bunker oil produced from the field may be used for local refineries.[9]
Estimate
Before any extraction begun, it was estimated that the Alegria oil field had an oil reserve of 27.93 million barrels with a probable production recovery of 3.35 million barrels. The Alegria field is also a natural gas field hosting an estimated 9.42 billion cubic feet of natural gas. It is estimated that the reserves will last until 2037.[8]
References
- "SC49, Philippines: Geologic Setting". Polyard Petroleum International Group Limited. Retrieved 20 May 2018.
- Inso, Futch Anthony; Bunachita, Jose Santino (17 March 2018). "Poor Cebu town yields oil, natural gas reserves". Philippine Daily Inquirer. Retrieved 20 May 2018.
- Flores, Alena Mae (18 May 2018). "Cebu oil field starts production tests; drilling of 3 more wells up". Manila Standard. Retrieved 20 May 2018.
- Casipong, Bebie Jane (20 May 2018). "Duterte congratulates Cebuanos for oil, gas production". Philippine News Agency. Retrieved 20 May 2018.
- Newman, Minerva (20 May 2018). "Duterte opens Cebu oil field today". Manila Bulletin. Retrieved 20 May 2018.
- Palaubsanon, Mitchelle (16 March 2018). "In Alegria, Southern Cebu: 28M barrels of oil found". The Freeman. The Philippine Star. Retrieved 20 May 2018.
- Padayhag, Michelle Joy (10 September 2014). "Chinese firm explores oil in Alegria". Cebu Daily News. Retrieved 20 May 2018.
- Lectura, Lenie (14 March 2018). "DOE declares Alegria oil field in Southern Cebu as commercially viable". BusinessMirror. Retrieved 20 May 2018.
- Villamor-Ilano, Marites (16 March 2018). "Oil field in Alegria commercially viable: DOE, Chinese firm". Sun Star. Retrieved 20 May 2018.