PXP Energy set to drill two wells in Recto Bank

Flores, Alena Mae. S.

Date

February 25, 2022

Author

Flores, Alena Mae. S.

Metadata

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Classification code

MS20220225_B4

Excerpt

PXP Energy Corp., the oil and gas exploration unit of Philex Mining Corp., said Thursday it will drill two appraisal wells in the gas-rich Recto Bank this year along with subsidiary Forum Energy Plc. “Each of Forum and PXP Energy [the group] is focused on fulfilling its work commitments for 2022 which have been approved by the Philippine government, including the drilling of two appraisal wells over the Sampaguita gas discovery in SC [Service Contract] 72,” PXP Energy said in a disclosure to the stock exchange.

Citation

Flores, A. M. S. (2022, February 25). PXP Energy set to drill two wells in Recto Bank. Manila Standard, p. B4.