Ceremonial Signing of the Petroleum Service Contract for East Palawan Area (Area 4 of the 5th Philippine Energy Contracting Round)

Reception Hall, Malacañan Palace October 17, 2018 President Rodrigo Roa Duterte signed the Petroleum Service Contract (PSC) for Area 4 (East Palawan Basin) of the 5th Philippine Energy Contracting Round (PECR5) in a ceremony in Malacañan Palace. The inked deal authorizes Israeli firm Ratio Petroleum Ltd. to conduct oil exploration activities in the Area 4 continue reading : Ceremonial Signing of the Petroleum Service Contract for East Palawan Area (Area 4 of the 5th Philippine Energy Contracting Round)