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MVP upbeat on PXP’s oil hunt in Sulu, Palawan
The Philippine Star
|October 10, 2025
Tycoon Manuel V. Pangilinan is optimistic about PXP Energy Corp.'s oil and gas prospects after clinching three new exploration deals in the Sulu Sea and the Palawan basin.
“These new projects expand our exploration presence in the Sulu Sea, an area with a proven exploration history and promising untapped potential, and strengthen PXP’s presence in the highly prolific northwest Palawan basin,” said Pangilinan, who chairs PXP.
This comes after President Marcos awarded petroleum service contracts (SC) 80 and 81 to PXP and its partners The Philodrill Corp., Australia’s Triangle Energy (Global) Ltd. and United Kingdom's Sunda Energy Plc.
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