New South Wales-based Energy World Corp. has revealed their intent to tap gas deposits in the Sulu Sea for the distribution of low-cost electricity to the Bangsamoro region as well as the rest of the Philippines.
The company headed by Graham Elliott is currently building a liquefied natural gas (LNG) facility in Quezon province’s town of Pagbilao, which would supply the gas needs for a power plant that can churn out 3,000 megawatts and provide electricity in Luzon.
LNG-fueled power plants, said Elliott, generated cheaper electricity than its fossil fuel counterparts such as coal and petroleum.
Back in 2011, the Philippine Energy Contracting Round 4 offered 15 blocks spanning 100,339 square kilometers of area for gas deposit mining to potential investors. These blocks, according to the energy department, were “mainly located in frontier regions.”
Eight wells were drilled in the Sulu Sea block (which covered 432,000 hectares or 0.432000 km2), of which five had “significant oil and gas shows”—it held 209 million barrels of oil as well as 716 billion cubic feet of gas.
Four more wells were drilled in the block adjacent to the Sulu Sea’s, of which three were estimated to hold a gas deposit of 775 billion cubic feet.