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    PXP Energy stands by to resume drilling of Recto Bank oil block

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    Date
    July 16, 2020
    Author
    Ang, Adam J.
    Metadata
    Show full item record
    Classification code
    BW20200716_S1/3
    Excerpt
    PXP Energy Corp. has set its eyes on exploring an oil block within the disputed West Philippine Sea that is estimated to bear as much as 3 trillion cubic feet of gas resources. Led by businessman Manuel V. Pangilinan, the listed gas and oil firm operates the area through Forum (GSEC 101) Ltd., a unit of Forum Energy Ltd., which in turn is one of its subsidiaries. The block is located within the Department of Energy’s (DoE) Service Contract (SC) 37 in Recto Bank. Exploration activities in the area are currently suspended upon declaration of a force majeure.
    Citation
    Ang, A. J. (2020, July 16). PXP Energy stands by to resume drilling of Recto Bank oil block. BusinessWorld, p. S1/3.
    URI
    http://hdl.handle.net/20.500.12174/9248
    Associated content
    Online version
    Corporate Names
    PXP Energy Corp. Forum Energy Ltd. Department of Energy (DOE) Forum Energy Philippines Corp.
    Personal Names
    Pangilinan, Manuel V. Carlos, Daniel P.
    Geographic Names
    West Philippine Sea
    Subject
    Oil and gas exploration territorial waters Moratoria disputes
    Collections
    • BusinessWorld [834]

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