Finance & Investing
News Services
Get free industry updates via email.
Daily News
Weekly News
Equipment Updates
Weekly Job Register
Monthly Event Guide
Our privacy


Philippines DOE awards SC75 in the Palawan Basin to a Philex-Led JV

change text size

Philippines-based upstream oil and gas company Philex Petroleum Corporation announced Friday that the company has received from the Philippines Department of Energy the duly executed copy of Petroleum Service Contract No. 75 (SC 75) in the Northwest Palawan Basin off the Philippines.

SC 75 covers an area of approximately 1.522 million acres (616,000 hectares) in the Northwest Palawan Basin which was referred to as Area 4 in the 4th Philippine Energy Contracting Round for Petroleum (PECR4 Area 4).

The Petroleum Service Contract for PECR4 Area 4 was awarded to the bid group comprising Philex Petroleum Corporation (Operator, 50 percent), PNOC Exploration Corporation (35 percent), and PetroEnergy Resources Corporation (15 percent).


Post a Comment Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit

Most Popular Articles
From the Career Center
Jobs that may interest you
Lean Manufacturing Manager
Expertise: Asset Management|Manufacturing Engineering|Operations Management
Location: Big Spring, TX
Right of Way Project Manager
Expertise: Project Management
Location: Sugar Land, TX
Director Business Development - Refined Products
Expertise: Business Development
Location: Philadelphia, PA
search for more jobs