Author Topic: Service Contract 37 - Cagayan  (Read 1114 times)

adroth

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Service Contract 37 - Cagayan
« on: September 09, 2019, 03:57:44 PM »
Petroleum Service Contract Operators
List of Petroleum Service Contractors in the Philippines

https://www.doe.gov.ph/energy-resources?q=energy-resources/sc-operators

SC 37
(Cagayan)   PNOC Exploration Corporation (PNOC-EC)

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adroth

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State oil exploration firm to start drilling in Cagayan's SC 37
« Reply #1 on: October 15, 2021, 12:45:04 AM »
State oil exploration firm to start drilling in Cagayan's SC 37
By CNN Philippines Staff

Published Oct 14, 2021 10:42:47 PM

https://cnnphilippines.com/news/2021/10/14/PNOC-EC-to-start-drilling-in-Cagayan-s-SC-37.html

Metro Manila (CNN Philippines, October 14) The Philippines will finally start drilling activities in Service Contract 37, located onshore Cagayan Basin, according to the Philippine National Oil Company Exploration Corporation (PNOC-EC).

"We just had the approval of our board last week for the drilling which will be conducted next year," retired Lt. Gen. Rozzano Briguez, PNOC-EC President and CEO, said Thursday during a Senate committee hearing on the state-run firm's proposed 2022 budget.

"Should that happen, probably we are looking at 2025 and 2026 for the production if we will be lucky," Briguez added.

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PNOC-EC, a government owned and controlled corporation, fully owns SC 37 - one of seven petroleum service contracts where it is either the operator or a partner.

It used to operate the San Antonio Gas Field, the country's very first natural gas facility, which was also located in the Cagayan Basin. After it was decommissioned in 2008, PNOC-EC continued to explore the petroleum potential of the area, yielding positive results.

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