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ASIA

Asia Wrap

THE joint venture operating Service Contract 55 off Palawan in the Philippines expects to drill an exploration well next year to test the prospects of the field estimated to contain 1.8 trillion cubic feet of gas and 567 million barrels of oil.

James McGrath
Asia Wrap

In a disclosure to the Philippine Stock Exchange, Trans-Asia Oil and Energy Development Corporation said the consortium had entered the fourth sub-phase of exploration and would start deepwater drilling...

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