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Acquisitions and Divestitures News in Philippines

Jadestone Energy Announces Voluntary Relinquishment of Philippines SC56
11/18/2020 - Jadestone Energy Inc., an independent oil and gas production company focused on the Asia Pacific region, announces the voluntary relinquishment and termination of Service Contract 56 (SC56), offshor...
Jadestone Energy Announces Award of Damages in Respect of Philippines Arbitration
1/9/2020 - Jadestone Energy Inc., an independent oil and gas production company focused on the Asia Pacific region, announces an award of monetary damages, plus a portion of the legal costs and expenses, as a re...
Otto Energy Farms Down 10% Interest in SC55 to Pryce Gases
7/31/2015 - Otto Energy subsidiary, Otto Energy Philippines, has signed a farm-in option agreement with Pryce Gases to earn a 10% working interest in SC55, offshore the Philippines. Following this farm-in, Otto w...
RMP Farm-In to Otto's Block SC55 Receives Approval
7/24/2015 - Red Emperor Resources NL (RMP) is pleased to announce that it has today received formal notification from the Department of Energy of the Republic of the Philippines that approval for the assignment o...
Forum Energy Granted SC72 Licence Extension
7/9/2014 - Forum Energy, the UK incorporated oil and gas exploration and production company with a focus on the Philippines, today confirms that the Philippine Department of Energy has granted the Company's requ...
Nido Secures 20% Participating interest in SC 63
5/19/2014 - Nido Petroleum Limited is pleased to advise has it has executed the second stage of the SC 63 farm-in process with PNOC-EC. The terms of the farm-in with PNOC-EC are consistent with the original agree...
Otto Energy Withdraws from Service Contract 51
5/2/2014 - Otto Energy Limited announces that following extensive post-well analysis of the Duhat-2 well drilled in July 2013, its wholly owned subsidiary Otto Energy Investments Limited (OEIL) has elected to wi...
Nido Petroleum Completes First Stage of SC 63 Farmout to Dragon Oil
4/24/2014 - Nido Petroleum Limited advises that the first stage of the farm-out process with Dragon Oil Plc involving the transfer of a 40% Participating Interest in Service Contract 63 has been approved by the D...
Dragon Oil Farms in into an Offshore Block in the Philippines
1/16/2014 - Dragon Oil plc has signed a farm-in agreement with Nido Petroleum Philippines Limited for Service Contract 63 (SC 63) NW Palawan Basin, offshore the Philippines. ...
Philex Awarded SC 75 in the Northwest Palawan Basin
1/6/2014 - The Philippines Department of Energy has awarded a Philex Petroleum Corp JV Petroleum Service Contract No. 75 ('SC 75'). SC 75 covers an area of approx. 616,000 hectares in the Northwest Palawan Basin...
Otto Energy Preferred Bidder for Area 7 in Philippine
Otto Energy Preferred Bidder for Area 7 in Philippine 2/22/2013 - Otto Energy Ltd, has been named as the preferred bidder for Area 7 under the Fourth Philippine Energy Contracting Round. ...
Loyz Awarded Petroleum Service Contract in Philippines
2/19/2013 - Loyz Energy Limited (Loyz Energy or the Group), the Singapore-based upstream energy group has expanded its concession portfolio with a newly awarded petroleum service contract for Area 14, located off...
Forum Energy Announces SC72 Licence Extension
1/25/2013 - Forum Energy, the UK incorporated oil and gas exploration and production company with a focus on the Philippines, confirms that the Philippine Department of Energy has granted the Company's request fo...
Otto Obtains Philippines Government Approval for SC-51
Otto Obtains Philippines Government Approval for SC-51 10/12/2012 - Otto Energy Ltd announces that approval from the Philippines Department of Energy has been received for an extension to the SC-51 current Sub-Phase until 31 January 2013. This extension has been appro...
Nido Awarded Service Contract 63 Sub-Phase 2b Extension
8/28/2012 - Nido Petroleum Philippines Pty Ltd, a subsidiary of Nido Petroleum Limited, as Technical Operator of Service Contract 63, on behalf of the SC 63 Joint Venture Partners, wishes to provide the following...
Total Acquires a 75% Interest in Offshore Block SC56
8/23/2012 - Total E&P Philippines B.V. (Total) announces the signature of a Farm out Agreement with Mitra Energy (Philippines SC-56) Limited (Mitra), based in Kuala Lumpur, Malaysia, to acquire a 75% interest in...
MOA Signed with Viking to Develop 3 Oil Fields in SC 54A
6/1/2012 - Nido Petroleum Philippines Pty Ltd a subsidiary of Nido Petroleum Limited, in conjunction with SC 54A Joint Venture partners Yilgarn Petroleum Philippines Pty Ltd, Trafigura Ventures III B.V. and TG W...
Otto Energy Executes Sc55s Final Farm-In Agreements
12/28/2011 - Otto Energy Ltd is pleased to announce that it has executed the final farm-in agreements supporting BHP Billiton's earlier decision to enter into Service Contract 55, Offshore Palawan, Philippines. Th...
Execution of Final Farm-in Documents for SC55
12/28/2011 - Otto Energy Ltd is pleased to announce that it has executed the final Farm-in agreements supporting BHP Billiton's earlier decision to enter into Service Contract 55, Offshore Palawan, Philippines. <...
BHP Billiton Exercises Option to Farm into SC 55
5/11/2011 - Otto Energy Ltd is pleased to announce that BHP Billiton has exercised the option to farm-in to Service Contract 55 (SC55). Subject to joint venture and regulatory approval, BHP Billiton will earn up ...

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