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PXP on Lookout for New Oil, Gas Finds
The Philippine Star
|April 25, 2025
Pangilinan-led PXP Energy Corp. continues to be on the lookout for new investment opportunities in the country's upstream sector despite persistent challenges.
PXP, which holds petroleum service contracts (SCs) in the West Philippine Sea, told the Philippine Stock Exchange yesterday that it remains open to pursuing other oil and gas assets across the country.
The company said it is currently exploring the feasibility of the Dalingding prospect under SC 40, located onshore in northern Cebu.
"At the same time, PXP and its joint venture partners are anticipating the forthcoming awarding of PDA-BP-2 and PDA-BP-3, both located offshore in the southwestern portion of the Sulu Sea basin," it said.
Dit verhaal komt uit de April 25, 2025-editie van The Philippine Star.
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