Project Location : Petroleum areas overseas (with focus in Asia-Pacific)
JV Partners and Percent Equity : No existing project yet
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 overseas offered through bid rounds and farm-in opportunities. PNOC EC aims to acquire new blocks if technically, economically, and legally feasible.
As of end Dec 2016