This is from the PNOC-EC website re SC59.
"The SC 59 was awarded to PNOC EC on January 13, 2006. The block is located offshore west of Balabac Island in the Southwest Palawan Basin covering an area of 14,760 km2. In 2009, BHP Billiton Petroleum farmed-in into SC 59 acquiring 75% participating interest and operatorship with PNOC EC retaining 25%.
PNOC EC acquired 2,056 km and 363 km of 2D seismic data in 2006 and 2009, respectively. These datasets provided an initial prospect and lead inventory, some of which are similar to recent discoveries in adjacent blocks in offshore Sabah and the existing fields in NW Palawan. The Joint Venture has completed in December 2010 the acquisition of 3,076 km2 3D seismic data, currently the largest single 3D seismic coverage in the country, aimed at evaluating multiple Miocene carbonate leads in SC 59 that are potential drilling targets.
In 2011, a total of 4,687 km of 2D seismic data and 3,702 km of gravity/magnetic data were acquired in the outboard play area to fully evaluate the Paleogene clastic prospectivity of the block. The final processed data for both the inboard 3D and outboard 2D seismic campaigns are currently being interpreted."
So looks like nothing has happened since 2011 apart from the ongoing interpretation of the data sets.
SC 59 - West Balabac
From the PNOC-EC Q3 2012 Report (the last qtly on their web site)...some data interpretation completed in June (2012), some interpretation still ongoing...see page 21
PNOC-EC Q3 2012 Report
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