Country Report
Philippines upstream summary
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The suspension on all exploration activities in the disputed waters of the West Philippine Sea remains in place. Gas production from the key Malampaya asset is at an all-time low, barring the initial ramp-up period of the early 2000s. As domestic gas supply continues to deplete, the Philippines is increasingly exploring LNG imports and other competitive lower cost fuels such as coal to power the country.
Table of contents
- Executive summary
- Key facts
- Location maps
-
Key companies
- NOCs
- Other companies
- Historically present companies
-
Geology
- Introduction
- North Palawan-Mindoro Basin
- Southeast Luzon Basin
- Visayan Basin
- Sulu Sea Basin
- South Palawan Shelf - Reed Bank
- Agusan-Davao Basin
-
Exploration
-
Licensing
- Licensing and bidding process
- Post-2016
- Historical licensing activity
- 1970-1980s
- 1990s
- 2000-2005
- 2006-2007
- 2008-2015
-
Drilling
- Drilling activity
- Key planned drilling activity
- Historical drilling activity
- Success rates
-
Licensing
-
Reserves and resources
- Commercial volumes
- Sub-commercial volumes
-
Production
- Oil/Liquids
- Gas
-
Infrastructure
-
Gas infrastructure
- Gas pipelines
- Proposed infrastructure development
- Liquids Infrastructure
-
Gas infrastructure
-
Costs
-
Capital costs
- Capital expenditure by location
- SC 38 (Malampaya/Camago)
-
Capital costs
-
Policy and regulation
- Regulatory body
- State oil company
-
Licensing
- Service Contracts (SC)
- Exclusive Geophysical Survey and Exploration Contracts (GSEC)
- Non-exclusive Geophysical Permit
-
Fiscal terms
-
Overview
- Upstream
- Mid/Downstream
- Pipelines
- Gas Utilisation
- Current fiscal terms
-
Service Contracts
- Bonuses, rentals and fees
- Signature bonuses
- Production bonuses
- Training Fees
- Other bonuses and fees
- Indirect taxes
- Royalty and other production taxes
- Contractor Revenue Entitlement
- 12 more item(s)...
- Historical background
-
Overview
Tables and charts
This report includes the following images and tables:
- Key facts: Table 1
- Country Map
- Reserves and contingent resources at 01/01/2024
- Liquids and Gas Production 2024
- Net Acreage 2024
- Map of principal sedimentary basins of the Philippines
- Reserves and resources: Table 1
- Remaining and produced liquids and gas reserves
- Reserves and resources: Table 2
- Oil, other liquids, and gas reserves
- Reserves and resources: Table 3
- Production: Table 1
- 20 more item(s)...
What's included
This report contains:
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