Petroleum Service Contracts
PNOC Exploration Corporation’s presence in the Philippine petroleum industry spans over 30 years, with its role evolving from that of a catalyst and promoter of local petroleum exploration to that of an aggressive operator or active partner in several onshore and offshore exploration blocks. PNOC EC is either the operator or partner in eight petroleum service contracts covering an aggregate area of 57,630 km2, currently the largest exploration acreage holding in the Philippine oil and gas sector. Our strong acreage position presents a high quality distinct portfolio of opportunities to potentially increase the oil and gas resource base of the Philippines.
Service Contract No. 37 - Cagayan
SC 37 was awarded by the Department of Energy (DOE) to PNOC EC on 18 July 1990, originally covering an area of 2,200 km2. In 1997, it entered into a twenty-five (25) year production period when the San Antonio Gas Field was
Service Contract No. 57 - Calamian
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SC 57 was awarded to PNOC EC on 15 September 2005. It covers a total area of 7,200 km2 in offshore Northwest Palawan and is situated around fifty (50) kms northwest of the north-westernmost tip of Busuanga Island. |
Service Contract No. 58 – West Calamian
DOE awarded SC 58 to PNOC EC on 12 January 2006. The SC 58 block is a deep water acreage covering an area of 13,440 km2 located in offshore Northwest Palawan, between SC 38 and SC 57. Nido Petroleum Philippine Pty Ltd. farmed-in
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