Project Location : Petroleum areas in the Philippines outside of PNOC EC’s existing SC blocks
JV Partners and Percent Equity : None
Project Objective(s) : To acquire new areas for petroleum exploration and production (E&P) through bid rounds and farm-in opportunities.
Project Description : The project involves evaluation of open areas and petroleum blocks offered by the DOE through bid rounds (Philippine Energy Contracting Round or PECR) and by service contractors through farm-in opportunities. PNOC EC will acquire new blocks if technically, economically, and legally feasible.
As of end Dec 2016