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.

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