FEC Resources Inc. (FECOF)

[styl]

contrary info


this info is from the link i just posted before and it contradicts the 165 billion pesos/3.7bil usd in royalties AS much more


and this article is older so i dont know which figure to trust

Total royalties

Data from the Department of Energy (DOE), the lead agency for the project, showed that the government has received a total of P228.45 billion from the Malampaya project since the complex began producing natural gas commercially in 2002.

The amount represents the royalties turned over to the government as of November 2011, data from the DOE showed.

Under the service contract agreement, 70 percent of the gross proceeds from the sale of natural gas goes to the contractor to recover the investment cost. The remaining 30 percent is to be shared by the government and the consortium on a 60-40 basis, respectively.


Read more: newsinfo.inquirer.net/131653/govt-gets-1-1-b-share-from-malampaya-project#ixzz2kYf2moJ4
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