Topic: Oil Discovered in Cebu

[d_sinner78]

Good news naman...

http://www.abs-cbnnews.com/business/01/09/14/oil-discovered-cebu-close-shore

Oil discovered in Cebu close to shore
Gulf News via Reuters
Posted at 01/09/2014 10:01 AM | Updated as of 01/09/2014 3:16 PM

MANILA, Philippines -- A new oil discovery in Cebu declared by the Department of Energy is expected to augur well for the Philippines, which is heavily dependent on imported oil.
...
When approved by the DOE it will provide an additional minimum period of 12 months to flow test the well and establish commercial production. Following the completion of that work and with the DOE's approval of commercial status, the Malolos oilfield will enter a 25 year production phase.

Morton added that available technical data also indicated the possibly that Service Contract 44 "is much larger Malolos oilfield than initially assessed."

[Gat J.P. Rizal]

Good in ten years time, politicians can shout for independence this proceeds will enough to sustain the Cebu economy.

[boypatasto]

Sana mapanindigan ng maayos and makinabang ang taong bayan jan sa CEBU

[crozbone12]

Pakikinabangan na naman to ng mga Buwaya sa Gobyerno