PNOC Exploration Corporation is the upstream oil, gas and coal subsidiary of the state-owned Philippine National Oil Company. A government-owned and controlled corporation, the Company was incorporated on 20 April 1976 and is mandated by the government through the Department of Energy (DOE) to take the lead in exploration, development and production of the country’s oil, gas and coal resources.
At present, PNOC EC has eight (8) petroleum Service Contracts (SCs), namely: SC 37 (Cagayan Basin), SC 38 (Malampaya), SC 57 (Calamian), SC 58 (West Calamian), SC 59 (West Balabac), SC 63 (East Sabina), SC 74 (Linapacan) and SC 75 (Northwest Palawan). The Company is the operator in SC 37, SC 57 and SC 59 and an active partner in SC 38, SC 58, SC 63, SC 74 and SC 75.
PNOC EC used to operate the very first natural gas facility in the country, the San Antonio Gas Power Plant within SC 37 before joining the Malampaya consortium (SC 38) in 1999 with a 10% stake. Malampaya is the country’s single biggest investment of its kind.
PNOC EC also holds four (4) Coal Operating Contracts (COCs), namely: COC 41 (Zamboanga Sibugay), COC 122 (Isabela), COC 185 (Buug-Malangas) and COC 186 (Imelda-Malangas). As part of its coal business, the Company also trades coal through its coal terminal located in Malangas, Zamboanga Sibugay.