Wednesday, February 29, 2012

NorAsian to submit to Leyte SP what committee on energy wants

TACLOBAN CITY – The NorAsian Energy Limited will abide whatever the order to be issued by the members of the committee on energy og the provincial board of Leyte.

Thus assured Engr. Bert Garcia, engineering manager of NorAsian, when asked what they will do after Board Member Anlie Apostol motioned for the referral to her committee the supposed presentation that the company will do to the members of the provincial board.

NorAsian together with representatives from the Department of Energy through the letter of DOE –Visayas Field Office Director Antonio Labios seeks for an approval of a resolution to seismic survey to be conducted in some parts of Leyte province northwest portion.

“If she wanted us to appear in the committee hearing, we will do so,” said Garcia.

Apostol requested from her colleagues to defer the presentation as it needs to be studied first by her committee.

The seismic survey will be implemented in the municipalities of Tabango, San Isidro, Leyte town and Calubian, according to Garcia.

“This is much bigger than the previous on-shore seismic survey that we conducted in the municipality of San Isidro,” Garcia said.

The area will cover service contract 51, he added.

The Australian firm is aiming to discover possibility of oil and gas supply in those areas which had been subject of exploration in the 1950s.
However, it was stopped due to some problem, according to Garcia.

“We are hoping that we will find oil in the location,” Garcia added.

NorAsian, along with Trans-Asia, Alcorn Gold Resources Corp., and PetroEnergy Resources Corp. are the firms behind the off-shore oil exploration in service contract 51 last year and it encompasses around 332,000 hectares over the northwest Leyte basin and is estimated to produce two million to 18 million barrels of oil.

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