We publish here an extract from the UKTI’s Asia Pacific Oil & Gas Newsletter which covers several of the countries in the Asia Pacific Region. Information in relation to Oil & Gas in the Philippines compiled by UKTI officers in relevant British High Commissions is included here.
2 big foreign firms eyes Philippines refinery facilities
According to DoE Secretary, Jose Almendras, 2 big foreign firms are eyeing the
Philippines for their refinery facilities. Mr Almendras is promoting the country as a
strategic location for refinery hubs for the Asean market.
Liberated Power Plant opens new natural gas plant in Cebu City
A new natural gas plant was opened in March at Cebu City. The Libertad Natural
Gas Power Plant will generate 1,000 kilowatts of additional power to supply areas in
Cebu. This is the 3rd natural gas plant in the country, the other 2 are the
Malampaya and San Antonio Gasfield. Libertad Power Plant is operated by Forum
Energy in partnership with DESCO Inc.
San Miguel looks at LNG/CNG
San Miguel Power Holdings, one of the biggest players in the local power industry,
is looking at liquefied natural gas (LNG) or compressed natural gas (CNG) for its
planned power facilities. The company has 6 proposed facilities to be set-up in
major areas of the country including Cotabato, Leyte, Panay, Bulacan and Cavite.
Oil exploration to commence at Recto Bank
The Philippine government announced that oil exploration in Recto Bank (Reed
Bank) is commencing this year (2012). As the government stressed, the area is
not part of the territorial dispute amongst Asian countries.
Department of Energy identifies 8 companies undertaking drilling
activities in 2012
The Department of Energy has identified the following companies undertaking the
drilling activities in the country for 2012:
(1) Blade Petroleum for Service Contract (SC) 6 Cadlao Block in offshore
northwest Palawan;
(2) Galoc Production for SC 14C (northwest Palawan);
(3) PNOC Exploration Corp. for SC 37 in the Cagayan Basin and SC 63 in
southwest Palawan;
(4) Gas2Grid for SC 44 in the Visayan Basin;
(5) CIMP for SC 49, also in Visayas;
(6) Frigstad Energy for SC 50 in northwest Palawan;
(7) Pitkin Petroleum for SC 53 in the Mindoro-Cuyo Basin; and
(8) BHP Billiton for SC 54 and SC 59, both within southwest Palawan.
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