4 months DOE sets opening of bids for 17 petroleum blocks MB |Biz
By Myrna M. Velasco The Department of Energy (DOE) has formally announced that it will start opening bids this Friday for petroleum blocks within three (3) nominated and the 14 pre-determined areas (PDAs) being tendered under the Philippine Conventional Energy Contracting Program (PCECP) designed by the Duterte administration. Energy Secretary Alfonso G. Cusi (Source: https://www.bloomberg.com) For the three service areas in Northwest Palawan, Sulu Sea and Ragay Gulf that had been placed under 60-day challenge, the DOE indicated “each of the three nominating companies had complied with area clearance and nomination requirements.” On the bid opening that will kick-off this ... more