Oil Firms Pursue Exploration in Philippines
Trans-Asia Petroleum Corp. (PSE: TAPET) and partner Frontier Gasfields Pty Ltd (FGL) are furthering exploration activities in Service Contract 69 (SC 69) in Eastern Visayas.
Trans-Asia Petroleum, which is set to take over the exploration block, and its partner jointly notified the Department of Energy that they were set on sub-Phase 4 exploration in the petroleum block in Camotes Sea from May 7 this year to May 7, 2016.
Source: Philippine Daily Inquirer