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STAY UPDATED: NEWS AND EVENTS

Stay informed with the latest updates, announcements, and upcoming events. From important news to can't-miss happenings, this is your source for what's new and noteworthy.

List of Active Petroleum Service Contracts

The Philippine Government, ubder Section 4 of Presidential Decree (PD) No. 87, also known as the "Oil Exploration and Development Act of 1972, is mandated through the DOE to promote and undertake exploration, development, and production of the country's indigenous petroleum resources through the awaring of Petroleum Service COntracts (PSCs).

DOE currently supervises and monitors 16 activePSCs (as shown in Table 1) to ensure that the respective work commitments under the exploration ansproduction stages of the PSCs are fully implemented. As of 31 December 2024, four (4) out of 16 PSCs are in production stage of the PSCs, while 12 PSCs are in the exploration phase.

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Investment Opportunities

Figure 3  shows the sedimentarybasins of the Philippines for exploring and developing indigenous petroleum resources. In 2002, the Philippine Petroleum Resource Assesment Project (PHILPRA) provided a map identifyingand categorizing 16 areas according  to their potential, green indicatesthe most prospective basins, yellow is considered prospective but underexplored, and red shows the frontier basins.

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Our main goal in the years to come is to conduct massive exploration and extraction activities starting in Lambayong and onwards to Liguasan Marsh.

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We are the intrepid and daring people of Mindanao who have deep roots in Sultan Kudarat, Maguindanao, Davao City, Jolo, Cotabato City, Liguasan Marsh and North and South Cotabato.

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