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80% success rate predicted for new Malampaya gas wells

80% success rate predicted for new Malampaya gas wells
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PNOC bullish on prospects for new Malampaya wells • Lenie Lectura

The Philippine National Oil Co.-Exploration Corp. (PNOC-EC) is upbeat about the prospects for the new wells that would be drilled by the Malampaya consortium, citing a success rate of around 80 percent. At a budget hearing of the Senate sub-finance committee last September 22, PNOC-EC President Franz Josef George Alvarez said the consortium led by operator

Rep Villafuerte hits DOE s dilly-dallying on strategic petroleum reserve program • Jovee Marie de la Cruz

WITH apparently no instant relief in sight for consumers from the nonstop rocketing of fuel pump prices until the yearend at the least, a senior lawmaker on Wednesday upbraided the Department of Energy (DOE) for “moving at an apparent turtle’s pace” on a two-year-old DOE circular establishing a Strategic Petroleum Reserve Program (SPRP) to ease the impact

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