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The Philodrill Corporation is a petroleum exploration company based in the Philippines and publicly-listed on the Philippine Stock Exchange (PSE: OV).Its primary business is focused on exploring, developing, and producing oil, gas, and minerals products.
Before any extraction begun, it was estimated that the Alegria oil field had an oil reserve of 27.93 million barrels with a probable production recovery of 3.35 million barrels. The Alegria field is also a natural gas field hosting an estimated 9.42 billion cubic feet of natural gas. It is estimated that the reserves will last until 2037.
This was the first oil and gas platform to be designed and built in the Philippines, and its successful completion has made the country a player in construction for the oil and gas industry. The upstream component of the US$4.5 billion Malampaya gas-to-power project was expected to provide substantial long-term revenue of between $8 billion ...
MANILA (Reuters) -Philippine President Ferdinand Marcos Jr said his country is working to resolve "exploration issues" in the South China Sea so it could start new energy exploration projects in ...
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 April 20, 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 ...
In July 2011 the Philippines' Department of Energy (DOE) approved the commencement of a 2-year phase of the project leading to the drilling of 2 wells, and preparations commenced. However, the PRC Government had also granted exploration rights to the area to the PRC State-owned China National Offshore Oil Corporation (CNOOC). The PRC objected ...
The Biden administration has issued more permits for oil and gas drilling on public land per month than the Trump administration did in its first three years, ... “During fiscal year 2020 ...
In her new book Cher: The Memoir, Part 1, out Tuesday, Nov. 19, the entertainment legend opens up about the downfall of their marriage. Cher and Bono were 16 and 27, respectively, when they met.