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Array ( [results] => Array ( [0] => Array ( [ArticleID] => 95886 [Title] => PNOC-EC ready to put in addl $40 M in Malampaya project [Summary] => The Philippine National Oil Co. Exploration Corp. (PNOC-EC) will infuse an additional $40 million into the Malampaya natural gas project this year, said PNOC-EC president Rufino Bomasang yesterday.
The $40 million is part of the pro rata cash infusion among Malampaya partners programmed for 2000.
PNOC-EC, a oil and gas exploration subsidiary of state owned PNOC, holds a 10 percent stake in the $2-billion project which will begin commercial operation this October. Shell Phils. Exloration BV (Spex) and Texaco each hold a 45-percent stake.
[DatePublished] => 2001-04-25 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
EXLORATION
Array ( [results] => Array ( [0] => Array ( [ArticleID] => 95886 [Title] => PNOC-EC ready to put in addl $40 M in Malampaya project [Summary] => The Philippine National Oil Co. Exploration Corp. (PNOC-EC) will infuse an additional $40 million into the Malampaya natural gas project this year, said PNOC-EC president Rufino Bomasang yesterday.
The $40 million is part of the pro rata cash infusion among Malampaya partners programmed for 2000.
PNOC-EC, a oil and gas exploration subsidiary of state owned PNOC, holds a 10 percent stake in the $2-billion project which will begin commercial operation this October. Shell Phils. Exloration BV (Spex) and Texaco each hold a 45-percent stake.
[DatePublished] => 2001-04-25 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
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By Donnabelle L. Gatdula | April 25, 2001 - 12:00am
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