The Department of Energy may reject the bid of Colossal Petroleum Corp. in two exploration areas offered under the 5th Philippine Energy Contracting Round in 2014.
“We wrote them a letter and met with them. We warned them that if they are not supportive, we might not push through with the awarding… If they do not comply soon, their proposal may be disqualified,” Energy Undersecretary Donato Marcos said after the Samahang Plaridel Kapihan at the Manila Hotel Monday.
Marcos said the department asked Colossal to abide by whatever the Supreme Court decides on the pending case between the Commission on Audit and the Malampaya consortium on the interpretation of the corporate income tax payments.
Colossal earlier submitted a qualifying bid for Area 5 (Northeast Palawan block) covering 576,000 hectares and Area 7 (Recto Bank block) covering 468,000 hectares under the PECR 5.
“We try to untangle all those problems (of the industry) including CoA issue. … there are other service contracts that the DOE has issued but are pending,” Energy Secretary Alfonso Cusi said.
