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PXP eyes fresh gov't petroleum service contracts
The Philippine Star
|October 31, 2025
Momentum is building for tycoon Manuel V. Pangilinan’s PXP Energy Corp. as it seeks to secure two more petroleum service contracts (SCs) from the government.
Fresh off winning three government petroleum deals, PXP is now setting its sights on bagging new exploration contracts in the resource-rich northwest Palawan basin “within the next few months.”
The additional two contracts are currently under final review by the government, the company said in a stock exchange filing yesterday.
This comes after President Marcos awarded SCs 80 and 81 to PXP and its partners, The Philodrill Corp., Australia’s Triangle Energy (Global) Ltd. and the United Kingdom’s Sunda Energy Plc.
This story is from the October 31, 2025 edition of The Philippine Star.
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