Sunda has strengthened its SE Asian gas portfolio with the award of two offshore exploration blocks, SC-80 and SC-81, in the Sulu Sea, Philippines with a non-operated working interest of 37.5%. The licences are estimated to contain gross 2C resources of ~470bcf (~175bcf net) and prospective (“Pmean”) volumes of ~10tcf (3.75tcf) of gas and 247mmbbl (~92mmbbl) of liquids. The blocks lie within a proven hydrocarbon province with multiple gas discoveries, with strong geological fundamentals that hav ....
