25 firms vie for 15 oil, gas areas

Gov’t agency sees $7.5B in initial investments

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JOSE LAYUG JR.: More companies expected to seek prequalification to the PECR 4 until February 29. PHOTO FROM WWW.PIA.GOV.PH

At least 25 local and foreign petroleum exploration companies have firmed up their interest in acquiring the 15 oil and gas blocks being offered by the Aquino administration under the Philippine Energy Contracting Round 4 with the submission of documents prequalifying them to the bidding.

Energy Undersecretary Jose Layug Jr. identified the major players as French multinational Total, one of the world’s leading oil and gas groups; Eni S.p.A., an Italian multinational oil and gas company that is present in 79 countries; American firm CalEnergy, an international leader in the development and production of energy from diversified fuel sources like geothermal, natural gas and hydroelectric; and GDF Suez of France, which is currently the No. 1 independent power producer in the world and the top importer of liquefied natural gas (LNG) and supplier of energy and environmental efficiency services in Europe.

The other companies that submitted prequalification documents, according to Layug, were Shell Philippines Exploration BV (SPEX), NorAsian Energy Ltd., Australian firm Nido Petroleum Corp., Malaysia’s Mitra Energy Ltd., Australian firm Tap Oil Ltd., Minergy Corp. Ltd., Pitkin Petroleum Plc. and Esso, a subsidiary of oil giant Exxon Mobil Corp.

Based on the initial list as of last Friday, the more notable local firms that submitted the requirements were PetroEnergy Resources Corp., PNOC Exploration Corp., Monte Oro Resources and Philex Petroleum, which is owned by businessman Manuel V. Pangilinan’s Philex Mining Corp.

Other companies that submitted their respective prequalification documents were Golden Dragon, Kris Energy, KRX Energy, Caranarvon Energy, Planet Gas, Forum Pacific, Southernpec Pte. Ltd., Mindanao Asia International Energy Corp. and Dilmoro Energy Corp.

Layug said they expected more companies to seek prequalification to the PECR 4 until the deadline of submission this Wednesday (February 29). Once these companies have been found to be qualified to join the bidding, they will be given between April and July this year to submit actual bid proposals for the areas of their choice.

In June last year, the Department of Energy launched the PECR 4 for petroleum, during which it offered 15 prospective oil and gas blocks in Cagayan, Central Luzon, Northwest Palawan, Mindoro-Cuyo, East Palawan, Cotabato and the Sulu Sea.

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  • Anonymous

    busali your are just relying on reading but not execution, the actual work. complicated in the sense that the off-shore is using platform. bopol. hahahahahaha. if i were you just stay at home and keep removing your bad waste and hope fix your mental deficiency. aside from that i could no longer extend my knowhow since i am already expressing myself to an icon of idiot…. hahahaha. sa kubeta ka lang magaling at alam ko palamunin ka lang. hahahaha. magtrabaho ka naman hindi yung puro kubeta lang alam mo. hahahahaha

  • Anonymous

    HOPE IT WILL CREATE MORE JOBS ONCE IT IS AWARDED TO THE RIGHT BIDDERS. MR. LAYUGYUG, THERE ARE SO MANY FILIPINO ENGINEERS WORKING IN SAUDI ARAMCO, QATARGAS FAMILIAR WITH THIS BUSINESS AND WE MUST HIRE THEM RATHER THAN HIRING FOREIGNERS TO DO THE JOB.INTIENDE!! SANA WLANG HOCUS POCUS DITO INUTIL NA LAYUG BAKA PURO DRAWING KA LANG

    • Lakan Bugtali

      ay ang talino nya…naniniwala ako syo na ang mga pinoy na engineer ay magaling…pero ang mga sinabi mo na aramco at qatar gas…desyerto po un on-shore sya…ung karamihan sa nabanggit d2 eh offshore o deep sea exploration…pero kaht foreign ung owner naman mga pinoy engineer pa rn ang kinukuha nila ciempre kagamitan, experience, at malawak na kaperahan na WALA TAU…Saka d pa sigurado na may langis jan kung wala langis sila lang lugi…kpag may langis pareho taung makikinabang…Buwis, trabaho sa mga pinoy, negosyo sa ibang pinoy na magging partner, royalty…Kaya nga d nadedevelop ung mga reserves natn dahil sa pilipinas ang pinakamahigpit na regulation at isama pa ang red tape at bureaucarcy. Eh bakit nga ba ang Indonesia pulos foreign ang may hawak ng exploration at drilling kaya yan super mura langis nila at dahil dun mura ang bilihan nila kaht maliit lang sweldu ng manggagawa nakakabili ng sasakyan kac mura ang petrolyo napapagiwanan na nga tau ang Vietnam ngaun sa tulong rin ng mga foreign na companies tuloy tuloy ang drilling at exploration. Mayado kac tau mga pinoy mareklamo kaya d umuunlad may barko pandigma lang ng kano na dumaong magtatayo na kagad ng bases haysss….makatae nga muna… 

      • Anonymous

        BUGTALI PARA KANG BUSALI. ACTUALLY, I DID TELL THAT FILIPINO ENGINEERS ARE GOOD IN THIS BUSINESS AND VERY FAMILIAR WITH THE STANDARDS. WELL, TO TELL YOU FRANKLY I AM HERE NOW IN SAUDI ARABIA WORKING AS AN ENGINEER UNDER ARAMCO AS CONTRACTOR  WHERE WE DO PART OF THE ON SHORE DRILLING. OFF-SHORE IS MORE COMPLICATED THAN ON- SHORE BUT THE PROCEDURES ARE QUITE THE SAME. IT IS A MATTER BETWEEN WATER AND LAND. IDIOT! ARAMCO DOES OFF-SHORE DRILLING AND QATAR GAS TOO.OF COURSE THE PEOPLE WHO WILL MANAGE THE ENGRS ARE THOSE WHO INVEST . WE JUST DO THE EXECUTION. KUNG ANU ANO PINAGSASABI MO. YOU HAVE MENTAL DEFFICIENCY

      • Lakan Bugtali

        hahaha ako pa ang may mental defficiency may nalalaman ka pa na “Bugtali para kang Busali”. Alam ko mga bata lang ang gumagawa ng ganyang rhyme kaya doubt ako kung engineer ka talaga…Baka gingineer ka lang hahaha…Pano mo nasab na magkaiba eh sayo na rn nanggaling na complicated ang off-shore eh di magkaiba nga. di ako magmumura dahil d ako pikon at gingineer na katulad mo…Sana inexplain mo rin na may environmental impact ang offshore dahil sa posibilidad na magkaron ng pagleak ng langis na katulad ng nangyari sa Gulf of Mexico..Kaya nga dinala ng Exxon ung Giant Ship nila sa Sulu Sea na may kapasidad na magdrill sa malalalim na karagatan..Nagsab ka na rin lang nag may deep sea drilling ang aramco at qatar gas dapat sinabi mo na rin kung san location….At saka nanjan ka pala Saudi eh tapos tinitira mo  mga foreigner tapos nagpapalipin ka nman sa kanila…Ironic…Natatawa ako syo…Pikon…Makatae nga ulit…LMAO….:)

  • http://joboni96.myopenid.com/ joboni96

    pinagmamayabang pa ni
    Energy Undersecretary Jose Layug Jr.
    ang pagbebenta niya sa dayuhan
    ng yamang mina natin

    foreign collaborator
    di pa hinalal

    nationalized all mineral extraction

  • Anonymous

    Hopefully, they have a public bidding process for the rights and licences of the 15 oil gas areas. This is so that the Philippines gets the best deal possible and hopefully prevent instances like the PAGCOR bribery scandal.

  • Anonymous

    Go Philipppines!!

  • http://pulse.yahoo.com/_FB6Q72WB5X4YUEEX5CKVVMR6KA just

    Malampaya is a natural gas field. Unless we use CNG in our cars, we will not feel its benefit. This product is mostly exported or sold to large users.

  • Anonymous

    ….hope the filipino people will truly benefit from all of this dealings. I remember when malampaya was discovered and eventually explored, we really dont felt the benefits of it and didnt translate to gas pump price. ‘expert’ can always argue about it how we benefited but the reality on pumps will speak for itself… I cant help but to hope….specially that rising fuel cost is relentless and theres no sign of stopping.

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