GOOD news oil for our country

[jansky]

Pardon me , but i'm not sure if this is the right place for this.


but since this is related to Gas so i have to post it here

[SIZE=3]Galoc offshore oil field to start production next week[/SIZE][SIZE=3][/SIZE]

[SIZE=2]
[/SIZE][SIZE=1]Tuesday, June 10, 2008 07:02 PM[/SIZE][SIZE=1][/SIZE]

[SIZE=1]MANILA (AP) - The Galoc offshore oil field will start commercial production next week, initially pumping about 20,000 barrels daily, an official said Tuesday.

The news of the first oil field development in the country in 16 years came as a relief to the oil importing country amid the rapid increases in petroleum prices. A consortium of mostly Philippine companies will pump the oil.

Galoc, about 350 kilometers southwest of Manila, has an estimated reserve of 10 million to 20 million barrels of "high-quality oil" that is light, non-waxy, and has medium sulfur content, Energy Secretary Angelo Reyes told reporters Tuesday.

Reyes said domestic refineries "will be given the first priority" once Galoc starts flowing oil on June 16 at 17,000 to 20,000 barrels per day.

"So rather than being exported, it will be consumed locally," he said.[/SIZE]
[SIZE=1][/SIZE]
[SIZE=1]BROD PET



Im not sure if this is true, but i still hope it is
[/SIZE]

[[archie]]

wow great news nga! i hope this would help to lower the gas prices.

[donski]

Hhmmmmnnn.....baka totoo to ah! inquirer.net

[v6dreamer]

wow great news nga! i hope this would help to lower the gas prices.

Wow!
Ang tanong sino ang may ari niyan, is it the govt. or mga bwaya sa likod.

[chuaed]

good news unless patawan din ng royalty and taxes like what the government did with natural gas.

to the current government: Please Moderate your Greed...

[VtEC]

wow, good news indeed,









sa actual kaya good news din?

[iho250]

wow this is really good news!! :clap::clap::clap:

sana totoo nga...nararamdaman ko na taas ng price ng gasoline...i really really really hope that this is true...

[Jun aka Pekto]

The Philippines have oil reserves? That's probably the best news in a long long time. 350 km sw of Manila....... That's not near the hotly contested Spratley Islands, is it?

[pup2]

good news unless patawan din ng royalty and taxes like what the government did with natural gas.

to the current government: Please Moderate your Greed...

I second the motion!!!

[Zeus]

Sana makakatulong ito sa pagbaba ng presyo ng crudo natin

Oil flows off Palawan

By Thea Alberto
INQUIRER.net
First Posted 13:16:00 10/09/2008

MANILA, Philippines – (UPDATE 2) President Gloria Macapagal-Arroyo has announced the extraction of fresh oil off Palawan.
"The President is pleased to announce, as reported by Energy Secretary Angelo Reyes, the extraction of fresh oil from the Galoc oil field in the northwest offshore of Palawan at 10:45 am today [Thursday]," Executive Secretary Eduardo Ermita told a press conference.
Reading from a prepared statement, Ermita said the President described the oil as “light, medium crude oil, with a potential high yield of light ends, such as gasoline.”
Ermita said the discovery, to be called Palawan light, was made at 10:45 a.m. Thursday and was put on board a Philippine vessel at 11:20 a.m. to be brought to local refineries.
Ermita said subject to further studies, the area is expected to yield from 10 million to 20 million barrels of oil.

[chua_riwap]

Hallelujah!.......

Mayaman na Pinas......

[CVT]

Sana makinabang naman dito ang taong bayan.....

6808:frenchyf1:

[CVT]

Sana makinabang naman dito ang taong bayan.....

6808:frenchyf1:

[bambino]

Sana makinabang naman dito ang taong bayan.....

6808:frenchyf1:

sana nga kahit konti