Four areas get bids in Philippines round

The Philippines Department of Energy received bids for service contracts covering four of 14 predetermined areas offered in a licensing round. It received nominations for three other areas.

The Philippines Department of Energy received bids for service contracts covering four of 14 predetermined areas offered in a licensing round.

It received nominations for three other areas.

According to the Manila Bulletin, bids for predetermined areas opened Aug. 20 came from Ratio Petroleum Ltd. of Israel for Area 3 in East Palawan, Filipino firms Esmaulana iGlobal Ventures Inc. and Sulu Sea Energy Resources Development Corp. for Area 6 in the Sulu Sea, a Filipino combine of Phildrill Corp. and PXP Energy Corp. for Area 7 in the Sulu Sea, and Esmaulana iGlobal Ventures for Area 10 in Agusan-Davao.

The department received nominations for areas in East Palawan from Sulu Sea Energy Resources Development, Northwest Palawan from Troika Giant Power Corp., and Ragay Gulf from Superior Shipping Inc.

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