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Total Philippines, the local arm of the French energy giant, is further assessing the potential of its offshore block in the Sulu Sea after a six-year extension granted by the Department of Energy (DOE), a ranking official said.

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                    [Title] => Total, Mitra Energy to start SC 56 oil drilling next year
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French firm Total E&P Philippines B.V. and Mitra Energy Ltd. of Malaysia are set to start drilling operations in Service Contract 56 in the South Sulu Sea next year, an energy department official said.

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Mitra Energy (Philippines SC 56) Ltd. will take over the 50 percent stake of ExxonMobil Exploration and Production Philippines B.V. (EMEPP) in Service Contract 56 in Northwest Palawan, following EMEPP’s decision to pull out from the project and resign as SC 56’s operator.
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EXPLORATION AND PRODUCTION PHILIPPINES B

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abtest

Total mulls prospects of Sulu Sea offshore block

By Iris Gonzales | March 9, 2015 - 12:00am

Total Philippines, the local arm of the French energy giant, is further assessing the potential of its offshore block in the Sulu Sea after a six-year extension granted by the Department of Energy (DOE), a ranking...

Business

Total, Mitra Energy to start SC 56 oil drilling next year

By Iris Gonzales | August 23, 2013 - 12:00am

French firm Total E&P Philippines B.V. and Mitra Energy Ltd. of Malaysia are set to start drilling operations in Service Contract 56 in the South Sulu Sea next year, an energy department official said.

Business

Mitra Energy to take over Exxon stake in Palawan venture

By Donnabelle L. Gatdula | November 14, 2011 - 12:00am

Mitra Energy (Philippines SC 56) Ltd. will take over the 50 percent stake of ExxonMobil Exploration and Production Philippines B.V. (EMEPP) in Service Contract 56 in Northwest Palawan, following EMEPP’s decision...

Business

Despite tax, pipeline issues, Shell to stay here

By Donnabelle L. Gatdula | November 19, 2010 - 12:00am

Despite problems it is facing on the downstream oil sector, the Royal Dutch Shell Group is continuing its venture in the upstream petroleum business in the Philippines.

Business

ExxonMobil-led group completes 4th well drilling in South Sulu Sea

By Donnabelle L. Gatdula | October 17, 2010 - 12:00am

The Department of Energy (DOE) said the consortium led by ExxonMobil Exploration and Production Philippines B.V. has completed drilling its fourth well under Service Contract 56 in South Sulu Sea.

Business

ExxonMobil Phils plans new wells

By Donnabelle L. Gatdula | September 11, 2010 - 12:00am

ExxonMobil Exploration and Production Philippines B.V., an affiliate of US-based oil exploration giant ExxonMobil Corp., may consider drilling new wells after completing the exploratory wells for its fourth...

Business

ExxonMobil unit allots $100 million more for South Sulu Sea project

By Donnabelle L. Gatdula | March 3, 2010 - 12:00am

ExxonMobil Exploration and Production Philippines B.V., an affiliate of the US-based oil and gas multinational, expects to spend another $100 million for the drilling of a third well at its Service Contract 56 in...

Business

ExxonMobil unit encouraged by hydrocarbon find in RP

By Donnabelle L. Gatdula | December 2, 2009 - 12:00am

ExxonMobil Exploration and Production Philippines B.V. said yesterday it is encouraged by its hydrocarbon find while drilling its first deepwater exploration well in the Philippines.

Business

ExxonMobil to invest $100 million in Sulu Sea well

By Donnabelle L. Gatdula | September 15, 2009 - 12:00am

US-based ExxonMobil, the world’s largest publicly-traded international oil and gas company, will pour in about $100 million for the drilling of an exploratory well in Service Contract 56 at the Sulu Sea scheduled...

Business

DOE clears initial drilling by South Sulu Sea group

September 6, 2009 - 12:00am

The Department of Energy (DOE) has given its go-signal for the Service Contract 56 consortium in South Sulu Sea to commence with the drilling of the first well within this month.

Business