Forum Energy plc, the UK incorporated oil and gas exploration and production company with a focus on the Philippines, confirmed Wednesday that the Philippine Department of Energy has granted the Company's request for an extension to the second sub-phase of Service Contract 72 (SC72), located west of the Palawan Island in the South China Sea.
The deadline for completion of the second sub-phase, comprising the drilling of two appraisal wells, has now been extended by one year to Aug. 15, 2016.
Further details regarding the Company's plans for SC72 will be made in due course, as and when appropriate.
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