FEC Resources Inc. (FECOF)

[irishintelligence]

https://www.philstar.com/business/2019/08/02/1939789/pxp-energy-eyes-more-oil-gas-prospects


It is pushing for the resumption of oil and gas exploration and development, particularly in SC 72 and 75 which were affected by a moratorium issued by the government in 2014 and 2015 amid rising tension with China.

PXP Energy holds a 78.98-percent operating interest in SC 72 or the contract to explore Recto Bank in the West Philippine Sea through London-listed Forum Energy Plc.

The SC 72 consortium earlier announced plans to spend $80 million to $100 million, roughly P4 billion to P6 billion over a two-year period to find the country’s new Malampaya project.