Halo Halong Pinoy

Thursday, March 15, 2012

Philippines has a big untapped natural gas and oil reserves

The Philippines had an estimated 98.54 billion cubic meters of proven natural-gas reserves as of January 1, 2011, according to the CIA World Factbook.

report estimated proven and undiscovered oil reserves in the South China Sea could range from 28 billion barrels to as much as 213 billion barrels of oil. The highest number would exceed every other country’s proven oil reserves—except those of Venezuela and Saudi Arabia, according to the BP Statistical Review. 

Read the original article at businessmirror.com.ph

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