PNOC unit eyeing 20% stake in Cadlao oilfield manilastandard.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from manilastandard.net Daily Mail and Mail on Sunday newspapers.
The Philippine National Oil Co. (PNOC) Exploration Corp. (EC) is set to participate in the redevelopment of the Cadlao oil field in offshore Northwest Palawan. “We are already in advanced discussions to participate in SC [service contract] 6B Cadlao field with drilling scheduled this year and production next year,” said…
Australian firm Sacgasco, operating as Nido Petroleum in the Philippines, is eyeing a new offshore oil developments in the Palawan basin, the Department of Trade and Industry (DTI) revealed.
A DTI statement emanating from its Sydney Trade Office said Sacgasco is planning to get a drilling rig