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    Recto Bank exploration is call of oil players–Cusi

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    Date
    November 5, 2020
    Author
    Lectura, Lenie
    Metadata
    Show full item record
    Classification code
    BM20201105_A8
    Excerpt
    Energy Secretary Alfonso Cusi said on Wednesday exploration firms are free to decide whether or not to resume their oil exploration activities at Recto Bank following concerns that China might prohibit exploration activities in the area. “That is the decision they have to make, whether they want to do work or not,” Cusi commented when he was asked to comment that exploration firms, such as PXP Energy Corp., may not be allowed to resume exploration activities since the lifting of the moratorium was a unilateral move. “The lifting of the moratorium was a unilateral decision, based on what the country needs. That is the country’s territory. We gave instruction to resume work. They submitted a work plan. We are making them accountable. If they fail, we will take the necessary action,” said Cusi.
    Citation
    Lectura, L. (2020, November 5). Recto Bank exploration is call of oil players–Cusi. Business Mirror, p. A8.
    URI
    http://hdl.handle.net/20.500.12174/10284
    Associated content
    Online version
    Corporate Names
    PXP Energy Corp. Philippine National Oil Company-Exploration Corporation Forum Energy Department of Energy (DOE) China National Offshore Oil Corporation (CNOOC)
    Personal Names
    Cusi, Alfonso
    Geographic Names
    Recto Bank China West Balabac, Palawan Balabac Reed Bank
    Subject
    exploration Oil and gas exploration territorial waters disputes
    Collections
    • BusinessMirror [493]

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