PNOC Exploration Corporation is the upstream oil, gas and coal subsidiary of the state-owned Philippine National Oil Company. A government owned and controlled corporation, the Company was incorporated on 20 April 1976 and is mandated by the government through the Department of Energy (DOE) to take the lead in exploration, development and production of the country’s oil, gas and coal resources. The Company was listed in the Makati Stock Exchange and the Manila Stock Exchange in 1976 and 1977, respectively.
At present, PNOC EC has seven (7) petroleum Service Contracts (SCs), namely: SC 37 (Cagayan Basin), SC 75 (Northwest Palawan), SC 57 (Calamian), SC 58 (West Calamian), SC 59 (West Balabac), SC 74 (Northwest Palawan) and SC 63 (East Sabina). The Company is the operator in SC 37, and SC 63 and a non-operating partner in SC 38, SC 57, SC 58 and SC 59.
PNOC EC also holds five (5) Coal Operating Contracts (COCs), namely: COC 41 (Malangas), COC 184 (Agusan del Sur), COC 185 (Zamboanga Sibugay), COC 122 (Isabela), and COC 186 (Zamboanga Sibugay). As part of its coal business, the company also trades coal from other sources through its coal terminal located in Malangas.
The company likewise owns and operates a private commercial port – the Energy Supply Base (ESB) – in Mabini, Batangas which provides berthing, cargo handling, storage and warehousing facilities to its clients.
NATURE OF OPERATIONS:
Exploration, development, utilization, and marketing of oil and gas and other viable energy resources.
DATE OF INCORPORATION:
April 20, 1976
Visit the PNOC Exploration Corporation Website for more information.