lastlid
25th April 2012, 07:09
"The Philippines is expected to award 15 contracts for oil and gas exploration in July as the country aims to reduce its reliance on oil imports, a senior energy company official said on Tuesday.
"We have received a lot of bids from foreign companies," Philippines National Oil Company (PNOC) CEO Antonio Cailao told Reuters.
"I believe there is a lot more oil and gas in the Philippines" given the country's proximity to other producers in the Asia-Pacific such as Indonesia and Australia, he said"
http://www.abs-cbnnews.com/business/04/24/12/ph-award-oil-gas-exploration-contracts-july-pnoc
"MANILA, Philippines - Tensions in the West Philippine Sea is not stopping investors from exploring the area for oil and gas, the Department of Energy (DOE) said on Thursday.
We have not received any expression of concern about what has happened. Besides, again, the Philippines, the [Department of Foreign Affairs] and the President himself have categorically stated that the areas we have offered are all within Philippine territory, no doubt about that," Undersecretary Jose M. Layug Jr. said.
Well, they can contest. But again, as far as the Philippine government is concerned - [Areas]3 and 4 - they are located about 30 to 40 kilometers from Palawan, so there is no doubt about it. Even if we use international law, UNCLOS, it is definitely well within the 200 nautical mile exclusive zone of the Philippines," he said.
UNCLOS refers to the United Nations Convention on the Law of the Seas.
At end-March, 41 companies were applying for prequalification, with the DOE accepting 37.
We are just awaiting for documents to qualify them. So far, we have not received any information or of any concerns raised by prequalified parties. So yes, we are proceeding with our energy contracting round,Layug said.
None of the 37 has indicated which areas they will bid for, but Layug said the bids for Areas 3, 4 and 5 are due on July 31 while the rest would be open for bidding on April 27.
Among those that have prequalified are Total of France, ENI of Italy , Royal Dutch Shell, Repsol of Spain and an Autralian exploration firm that Layug failed to identify".
http://www.interaksyon.com/article/29852/firms-pursue-exploration-bids-in-west-philippine-sea-despite-tensions---doe
"We have received a lot of bids from foreign companies," Philippines National Oil Company (PNOC) CEO Antonio Cailao told Reuters.
"I believe there is a lot more oil and gas in the Philippines" given the country's proximity to other producers in the Asia-Pacific such as Indonesia and Australia, he said"
http://www.abs-cbnnews.com/business/04/24/12/ph-award-oil-gas-exploration-contracts-july-pnoc
"MANILA, Philippines - Tensions in the West Philippine Sea is not stopping investors from exploring the area for oil and gas, the Department of Energy (DOE) said on Thursday.
We have not received any expression of concern about what has happened. Besides, again, the Philippines, the [Department of Foreign Affairs] and the President himself have categorically stated that the areas we have offered are all within Philippine territory, no doubt about that," Undersecretary Jose M. Layug Jr. said.
Well, they can contest. But again, as far as the Philippine government is concerned - [Areas]3 and 4 - they are located about 30 to 40 kilometers from Palawan, so there is no doubt about it. Even if we use international law, UNCLOS, it is definitely well within the 200 nautical mile exclusive zone of the Philippines," he said.
UNCLOS refers to the United Nations Convention on the Law of the Seas.
At end-March, 41 companies were applying for prequalification, with the DOE accepting 37.
We are just awaiting for documents to qualify them. So far, we have not received any information or of any concerns raised by prequalified parties. So yes, we are proceeding with our energy contracting round,Layug said.
None of the 37 has indicated which areas they will bid for, but Layug said the bids for Areas 3, 4 and 5 are due on July 31 while the rest would be open for bidding on April 27.
Among those that have prequalified are Total of France, ENI of Italy , Royal Dutch Shell, Repsol of Spain and an Autralian exploration firm that Layug failed to identify".
http://www.interaksyon.com/article/29852/firms-pursue-exploration-bids-in-west-philippine-sea-despite-tensions---doe