The Philippine Government has announced the finding of a large oil field off the coast of the Philippine Island of Palawan.
TV OIL RIG AT SEA OFF COAST OF PALAWAN
SV MAN ON TOWER ON OIL RIG ZOOM OUT TO FIRE BLAZING AT END OF RIG "RUNWAY"
GV FIRE BLAZING AT END OF RIG RUNWAY (3 SHOTS)
SV MAN ON RIG TOWER ZOOM OUT TO OIL BEING BURNT AT END OF RIG RUNWAY
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Background: The Philippine Government has announced the finding of a large oil field off the coast of the Philippine Island of Palawan.
President Marcos of the Philippines said the oil and gas deposits were discovered while two suspected oil bearing areas were being tested by drillers. As soon as the discovery was made the oil and gas deposits were "flared" to prevent heavy pollution resulting in the sea round the oil rig.
President Marcos said the discovery of the oil field would enable the Philippine people to develop a truly independent status not only in world politics but also in economics.