The document discusses the history of petroleum exploration in the Philippines. It notes that potential deposits are limited due to the country's relatively young geology compared to other oil-producing nations. While some exploration has occurred, including off the coast of Palawan and in the Bondoc Peninsula, restrictions have made it difficult for foreign companies to invest. Currently, the only two petroleum plants are in Cebu and Palawan, but deposits are dwindling. The document argues that further exploration is needed to develop domestic petroleum resources and reduce reliance on imports.
The document discusses the history of petroleum exploration in the Philippines. It notes that potential deposits are limited due to the country's relatively young geology compared to other oil-producing nations. While some exploration has occurred, including off the coast of Palawan and in the Bondoc Peninsula, restrictions have made it difficult for foreign companies to invest. Currently, the only two petroleum plants are in Cebu and Palawan, but deposits are dwindling. The document argues that further exploration is needed to develop domestic petroleum resources and reduce reliance on imports.
The document discusses the history of petroleum exploration in the Philippines. It notes that potential deposits are limited due to the country's relatively young geology compared to other oil-producing nations. While some exploration has occurred, including off the coast of Palawan and in the Bondoc Peninsula, restrictions have made it difficult for foreign companies to invest. Currently, the only two petroleum plants are in Cebu and Palawan, but deposits are dwindling. The document argues that further exploration is needed to develop domestic petroleum resources and reduce reliance on imports.
REACTION PAPER for Levmore, B.W. (1938) The Search for Petroleum in the Philippines
Prior with my knowledge regarding the petroleum exploration in the
Philippines, as much as I know that there are limited source or deposits of petroleum in the country, due to the fact that the archipelago is relatively younger (Late Cretaceous period) than the common oil deposits in the other countries, where those deposits aged well and deposited underneath the surface. Moreover, I’ve read the article of Robert Hall in 1997 about the tectonostratigraphic origin of Southeast Asia, due to the reporting in one of the course requirements this past semester. To be honest, I’ve understood less, but the article discussed the origin of stratigraphic deposits in the SE Asian region, and where the common petroleum origins reside. The article stated the nearest and most explored region in the Philippines where petroleum deposits are prevalent, is Palawan. This statement justified the reason why our country is targeted by China due to the unexplored petroleum resource potential in the West Philippine Sea. Anyway, the article about the search for petroleum in the Philippines can be described as the aftermath of the lack of knowledge of Filipinos regarding the resources of the country, especially the geology and the petroleum potential of the Philippines. The article summarized the events related to the exploration of petroleum, the trials, and the errors of explorations, since the geological activity of the position of the country is taking its charm from investors. Upon the journal article discussing the explorations in Bondoc Peninsula, I was suddenly taken aback by the possibility of a petroleum deposit in the area surrounded by Tayabas Bay and the array of highly elevated areas. Upon checking the formations present in the Bondoc peninsula-Burias area, it is composed of Pliocene-Pleistocene Limestones and Carbonates. It can be inferred that they may possibly consider it as a prospect for petroleum exploration since they may speculate that the underlying deposit underneath the Pliocene-Pleistocene aged mineral deposits may be a source of petroleum deposit, due to these deposits can act as a seal in the deposit, wherein a seal must be composed of a crystalline mineral with low permeability properties. As the exploration saga continues, different provinces, including Bondoc peninsula (Quezon), Cebu, Leyte and other provinces are now looked into as a prospect for exploration. The hopes are continuing, since experts said that the deposits in the Philippines can be identical to the deposits of Sumatra. However, restrictions with the mining laws made it difficult for the foreign investors/companies to venture into the exploration and exploitation process. Richmond Petroleum Co., were the ones who attempted to expand the exploration, but their investment won’t reciprocate regardless of the modern applications to drill and to explore the area. Currently, there are two sole petroleum plants in the Philippines (Alegria in Cebu, and Malampaya in Palawan). Deposits in Malampaya are set to drop in the next few years, leading to Shell turning it over with the government in 2023 as far as I know. Meanwhile, deposits in Alegria are said to be insufficient enough to power the entire region and the entire nation. Plus, Chinese contractors manage the plant in Cebu. It is an irony that as a nation, we are abundant in mineral resources, but we lack petroleum resources. Maybe there may be another deposit that may be discovered some day, yet the geological dynamics of tectonic and volcanic activities halt the further development and exploration of the possible petroleum reserves in the country. A country can struggle from the lack of petroleum resources, since almost everything that is essential for the country’s growth can not be possible without being powered by petroleum. As a way to cope up with the demands of this industry, it can be an eye opener to start investing money for further development regarding petroleum deposits, particularly in the West Philippine Sea even if greater competitions have their eyes locked on conducting exploration and research studies.