Petroleum areas in the Philippines outside of PNOC EC’s existing SC blocks
JV Partners and Percent Equity
Domestic Petroleum Production
Project description
To acquire new areas for petroleum exploration and production (E&P) through bid rounds and farm-in opportunities.
Brief Background
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.
