Sulu Sea shows signs of oil deposits
Deposits of hydrocarbon have been discovered via drilling operations in the South Sulu Sea, the Department of Energy (DoE) reported Saturday.
Energy Secretary Angelo Reyes said that evaluating the potential of the find, which came about during drilling under DoE Service Contract 56 (SC 56), would need further data analyses and additional studies.
Reyes also expressed optimism in the potential benefits that the hydrocarbons could bring once it is properly harnessed as a fuel source.
“We recognize the hard work rendered by the contractors in their drilling operations. We also would like to thank them for their strong support to our energy investment program,” he said.
The Dabakan-1 well is located about 65 kilometers (40 miles) from Mapun Island, a municipality under the Province of Tawi-Tawi.
http://www.mb.com.ph/articles/233799/sulu-sea-shows-signs-oil-deposits