8 months CNOOC has not come back on oil exploration plans MB |Biz
By Myrna M. Velasco Despite the red carpet being rolled out for it by the Philippine government and prospective local firm-partners, China National Offshore Oil Corporation (CNOOC) has not returned yet on targeted petroleum exploration ventures in the country. Manuel V. Pangilinan For the Recto Bank oil and gas exploration activity, PXP Chairman Manuel V. Pangilinan said the Chinese firm has not gotten back to them for definitive action plan on the targeted extended seismic survey and drilling in the block. “No talks recently. I’m just assuming that they (CNOOC executives) have not gotten permit from their government yet to ... more