The Department of Energy on Monday said the 3D seismic survey of one of its Petroleum Service Contractors located in the East Palawan Basin is scheduled to commence this month.In a press release, the DOE said Israeli company Ratio Petroleum Ltd. , the operator of Petroleum Service Contract No. 76, has contracted Shearwater GeoServices to deploy its seismic survey vessel, SW Thuridur, to acquire 3D seismic data over an area in the SC 76 block located about 150 kilometers east of Puerto Princesa.
According to the DOE, the survey represents the its dedication when it comes to pursuing high-impact opportunities in promising new areas in addition to the existing Malampaya Field in the Northwest Palawan Basin. The comprehensive 3D seismic survey is seen to employ a state-of-the-art technology and methodologies to acquire a high-resolution imaging of the subsurface geology.