Phl shelves seismic project in Spratlys
May 23, 2011 | 12:00am
MANILA, Philippines - The government has put on hold plans to conduct a seismic undertaking in the Kalayaan Islands in the Spratlys, a top energy official said over the weekend.
The Reed Bank basin is about 71,000 sq. km. in area and located about 250 kms west of Palawan.
The DOE earlier estimated total resources in the basin at 440 million barrels of oil.
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