Country Report

Philippines upstream summary

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27 July 2016

Philippines upstream summary

Report summary

Onshore oil and gas exploration began in 1921, with limited success. Over the next four decades several unsuccessful exploration wells were drilled onshore. Offshore exploration began in 1957 and the following year, the first commercial discovery, Libertad-1, was made by ACOJE offshore Visayan. The country's largest find to date is the multi-tcf Malampaya gas/condensate, found in 1992.The Philippines has a number of hydrocarbon basins, but the North Palawan Basin is the only ...

Table of contents

  • Executive summary
  • Key facts
  • Location maps
    • Introduction
    • North Palawan-Mindoro Basin
    • Southeast Luzon Basin
    • Visayan Basin
    • Sulu Sea Basin
    • South Palawan Shelf - Reed Bank
    • Agusan-Davao Basin
    • Licensing
      • PECR-4
      • Service Contracts (SCs)
      • Early Licensing
      • 1990s
      • 2000-2005
      • 2006-2007
      • 2008-2010
      • 2012
      • PECR-4
      • 2013 awards
      • PECR-5
    • Drilling
      • Drilling activity
      • Exploration and appraisal highlights
      • Recent drilling
      • 1997-2000
      • 2001-2006
      • 2007-2011
      • 2012-2014
      • Success rates
  • Reserves and resources
    • Oil/Liquids
    • Gas
    • Gas infrastructure
      • Offshore Gas
      • Onshore Gas
      • The BatMan 1 and 2 Pipelines
    • Liquids Infrastructure
    • Regulatory body
    • State oil company
    • Licensing
      • Service Contracts (SC)
      • Exclusive Geophysical Survey and Exploration Contracts (GSEC)
      • Non-exclusive Geophysical Permit
    • 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
      • Product Pricing
      • Liquids Pricing
      • Natural Gas Pricing
      • SC Cost Recovery
      • SC Profit Sharing
      • Corporate (or Petroleum) Income Tax
      • Additional Profits Taxes
      • Fiscal/Contractual Ring-fences
      • PECR-5
      • Sample Cash Flows
    • Historical background
      • 2000s

Tables and charts

This report includes 26 images and tables including:

  • Sales Gas
  • Liquids Production
  • Key facts: Table 1
  • Country Map
  • Remaining and Produced Commercial Liquids and Gas Reserves at 01/01/2016 (p+p)
  • Remaining Commercial Liquids and Gas Reserves at 01/01/2016 (p+p)
  • Reserves and resources: Table 1
  • Map of Principal Sedimentary Basins of Philippines
  • Production: Table 1
  • Production: Table 2
  • Liquids Production
  • Production: Table 3
  • Production: Table 4
  • Sales Gas
  • Philippines Infrastructure Map
  • Blocks Awarded
  • 2008-2012 awards
  • Drilling Activity by Well Type
  • Drilling Activity and Commercial Success Rates
  • Infrastructure: Table 1
  • Fiscal terms: Table 1
  • Fiscal terms: Table 2
  • Fiscal terms: Table 3
  • Fiscal terms: Table 4
  • Fiscal terms: Table 5
  • Fiscal terms: Table 6

What's included

This report contains:

  • Document

    Country Overview

    PDF 2.65 MB

  • Document

    Country Overview

    XLS 514.50 KB

  • Document

    Country Overview

    ZIP 3.08 MB

  • Document

    Executive summary

    PDF 99.32 KB

  • Document

    Key facts

    PDF 67.00 KB

  • Document

    Location maps

    PDF 861.99 KB

  • Document

    Geology

    PDF 872.06 KB

  • Document

    Exploration

    PDF 889.88 KB

  • Document

    Reserves and resources

    PDF 129.05 KB

  • Document

    Production

    PDF 117.16 KB

  • Document

    Infrastructure

    PDF 172.94 KB

  • Document

    Policy and regulation

    PDF 88.78 KB

  • Document

    Fiscal terms

    PDF 129.72 KB

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