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Article: Fisher folks now fear displacement following oil find in Tañon Strait
- Article from:
- The Manila Times
- Article date:
- November 12, 2007
CopyrightCopyright Content Parnership Pty Ltd Nov 12, 2007. Provided by ProQuest LLC. (Hide copyright information)
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ESCALANTE City, Negros Occidental: After completing a one-year exploration activity, two firms, the Japan Petroleum Exploration Co. Ltd (JAPEX) and a Canadian company Forum Exploration Inc. (FEI), are reportedly finalizing a 25-year contract to extract and produce oil from Tañon Strait. Karl G. Ombion of Bulatlat website writes that Tañon Strait is a narrow channel about 3km deep, 185km long between Cebu and Negros and an extension of a major fishing ground with the Visayan seas in the north, and the Cebu Strait in the south.
The Department of Energy - Region 7 revealed that Tañon Strait has huge deposits of oil and natural gas, estimated at one billion barrels, bigger than the ...