Monday, June 04, 2018 8:47:41 PM
The link below totaled it to 8.7 bil by end of 2015. Which included a 400 mil check for 2015 which reflected the steep drop in oil/ gas prices. A far cry from the 1.1 bil check they received in 2012 but they did increase output recently from additional drilling work in Malampaya. Maybe they are at 10 bil by 2018 which means Malampaya is well over 100 bil in gross proceeds by end of 2018. With another 8 years left I am not wrong to assume about 150 bil in gross proceeds as prices rise back up. If there is indeed 15 tcf in sc72 you can say that sc72 is worth around 825 bil ( 15 tcf divided into 2.7 tcf is 5.5 times malampayas worth)before china takes their damn to hell 40%..... that leaves 495 bil (60% left) to divide up between ph and the consortium. Drillers. I would assume cnooc is not in this figure. Cnooc would represent China's 40%.
Fecofs gross profits for its 5% would be 24 bil lifetime if absolutely everything goes right from here on out. So far most things have gone wrong but I'm still hopeful that they will achieve at least 35% of this number it's still a windfall for a 15 m dollar company
https://businessmirror.com.ph/government-got-p18-42-billion-from-malampaya/
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