Marcos allows Australian firm to pursue oil exploration in PH cnnphilippines.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cnnphilippines.com Daily Mail and Mail on Sunday newspapers.
Reviving the Cadlao oil field in Palawan signals the government's intent to maximize indigenous resources, President Ferdinand "Bongbong" Marcos Jr. said.
President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of the Office of the President)
In a statement on Tuesday, Oct. 11, Marcos sai
Gov t expects early production in Cadlao oil field - BusinessWorld Online bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
Malacanang has given advance notice to investors and well-entrenched players in the upstream oil and gas sector that it will be issuing policy directive on the requested re-submission of petroleum service contracts (PSCs) so President Ferdinand Marcos Jr. can sign these contracts.
Newly design
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