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Tag: Service Contract 72

PXP eyes other oil, gas projects

PXP Energy Corp. said Wednesday it will focus efforts on other oil and gas prospects following the suspension of Service Contract 72 (Recto Bank)...

SC 72 consortium preparing to drill two wells in gas-rich Recto Bank

The joint venture holding Service Contract 72 plans to drill two exploratory wells in the gas-rich Recto Bank in northwest Palawan by June. FEC Resources...

First Pacific Group lines up integrated natural gas hub

The First Pacific Group Pangilinan plans to establish an integrated natural gas business by utilizing gas from Service Contract 72, or the Recto Bank,...

PXP Energy asks DoE to lift moratorium in Recto Bank

PXP Energy Corp. through Forum Energy Ltd. has asked the Department of Energy to lift the force majeure imposed on service contract 72, or...
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