DoE Concludes First Auction for New Gas Exploration Contracts

Manila Bulletin, March 4, 2004 | Go to article overview

DoE Concludes First Auction for New Gas Exploration Contracts


Byline: MYRNA M. VELASCO

The Department of Energy (DoE) claimed that it has successfully concluded early this week the bidding for some of the 46 new oil and gas exploration contracts offered under the First Philippine Petroleum Contracting Round (PCR1) scheme.

But when pressed on how many companies actually submitted bids, the energy department declined to give any figure; though, officials assured that it would certainly not be "a case of the missing bidders."

"Disclosure of the names and number of companies that actually applied for application contracts, however, is not allowed under the very strict bidding guidelines," the energy department explained.

It indicated that 16 companies actually looked at the investment opportunities under the offered service contracts; but the DoE refuses to give categorical statement on which among these firms advanced interests to the actual bidding process.

Among those identified to have expressed earlier interest include BHP Billiton of Australia, Total of France, StatOil of Norway, Norsk Hydro, Jenting Oil of Malaysia, Petro Vietnam and US firms Chevron Texaco, Amerada Hess, Hunt Oil, Occidental Petroleum, Marathon and Exxon Mobil.

"The PCR-1 closed successfully yesterday (March 2) drawing interest from international oil companies," the energy department said in a press statement.

The oil and gas blocks are strategically located in what were known as high-frontier areas; particularly near the Malampaya gas field in offshore Palawan and other oil and gas discoveries and producing fields in Southwest and East Palawan, Sulu Sea and Reed Bank. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

DoE Concludes First Auction for New Gas Exploration Contracts
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Author Advanced search

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.