positive exclusive news hotcopper special, page-2

Could the confidence expressed by top management of JAPEX be ill informed....this is what they said prior to drilling starting in Novemeber....(it finished early last week.)


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Tanaka said, JAPEX is an oil and gas exploration company that was established in 1955 and has done exploration projects around the world for more than 50 years now.

Recently, the company introduced a very advance technology on drilling-the SAGD technology (Steam Assisted Gravity Drilling) that it has used in its oil explorations in Indonesia and Malaysia since the 1960s.

Tanaka described JAPEX's drilling exploration activity at the Tanon Strait as very advance in technology and environmentally safe allaying apprehensions from some groups that the exploration at the Strait will harm the marine life at the area.

DOE and JAPEX assured the public that the drilling exploration will not cause any environmental destructions of marine life in the area because the exploration sites are so deep, there are no coral growths.

He said that JAPEX will use the Mobile Offshore Drilling Unit (MODU) that will be anchored in a 1.5 km radius within the Pinamungahan and Aloguinsan seas and "we will use the Extended Reach Drilling Technology (ERDT) here, the same technology we applied in Russia-Sachalin-1 project," Tanaka added.

JAPEX explained that the drilling is very safe because first, they will drill a26" hole down the ocean floor and set a 20" casing for cementation. Then they will drill an 8.5" hole for a wire-line logging to measure chemical and geological data.

If they believe that there is gas, they will set a 7" liner (steel pipe) to test the well but if gas and oil is negative, they plug the well with cement and abandon it. Another well within the contracted area will be drilled until they are certain of their data and information.

Tanaka added that using the advance ERD Technology, JAPEX discovered 35 oil /gas fields in Japan and 7 fields are still producing oil and natural gas.


http://pia.gov.ph/?m=12&fi=p070911.htm&no=16