Oil firms get more time to apply for exploration blocks in The Philippines

The Philippines government has extended the application period deadline for oil companies interested in acquiring oil and gas exploration acreage in pre-defined areas.

Illustration only: Malampaya Platform / Copyright: Shell / Photographer: Mario Babiera

The country’s energy ministry said this week that that 180-day application period for the Pre-Determined Areas (PDAs) offered under the Philippine Conventional Energy Contracting Program (PCECP), has been extended from May 21, 2019, to August 19, 2019.

The ministry, which launched the program in November 2019, said the extension would provide additional time for applicants and other interested parties to submit their complete application documents.

The PCEP program is aimed at developing the country’s oil and gas resources to meet the Philippines’ energy demand. The energy ministry last year said that under the PCECP, there were two modes of application potential investors may pursue.

First, the interested oil firms can bid on the 14 Pre-Determined Areas identified by the DOE – one in Cagayan, three in East Palawan, three in Sulu Sea, two in Agusan-Davao, one in Cotabato, and four in West Luzon.

Alternatively, the applicants can nominate other areas of interest. In this mode, applications could be submitted at any time of the year and would be subjected to a 60-day challenge period, the ministry said in November 2018.

According to data on the energy ministry’s website, there are currently 23 active petroleum service contracts in the Philippines with the following developers: Shell Philippines Exploration, Total E&P, PNOC-EC, Nido Petroleum, Philodrill, PXP Energy, and Galoc Production Company, with the largest project being Shell’s Malampaya development.

Offshore Energy Today Staff


Spotted a typo? Have something more to add to the story? Maybe a nice photo? Contact our editorial team via email.

Offshore Energy Today, established in 2010, is read by over 10,000 industry professionals daily. We had nearly 9 million page views in 2018, with 2.4 million new users. This makes us one of the world’s most attractive online platforms in the space of offshore oil and gas and allows our partners to get maximum exposure for their online campaigns. 

If you’re interested in showcasing your company, product or technology on Offshore Energy Today contact our marketing manager Mirza Duran for advertising options.

Share this article

Follow Offshore Energy Today

Events>

<< May 2019 >>
MTWTFSS
29 30 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

08th OIL & GAS AFRICA 2019 CONFERENCE

OIL & GAS AFRICA is one of the most prime regional & international Oil and Gas conferences in East Africa…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

OWI WA 2019

West Africa’s only dedicated Offshore Well Intervention Conference is returning for its second year…

read more >

OIL & GAS PHILIPPINES 2019

Oil & Gas Philippines event display products like Oil & gas, fire protection systems and materials…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply