President Rodrigo Duterte leads the ceremonial opening of the oil and gas production of the Alegria Oil field Polyard-3 Well in Barangay Montpeller, Alegria, Cebu, on Saturday, May 19, 2018. | CDN file photo
Petroleum Service Contract No. 49 is an onshore oil field located in Barangay Montepeller, Alegria town of southwestern Cebu. China International Mining Petroleum Co. Ltd. , a subsidiary of Polyard Petroleum International Group Limited, holds SC No. 49. “After a continuous production for eight months, CIMP has already identified the primary production layers and wants to start drilling of production wells,” the statement said.
'Petroleum Service Contract (SC) No. 49 is an onshore oil field located in Barangay Montepeller, Alegria town of southwestern Cebu. China International Mining Petroleum Co. Ltd. (CIMP), a subsidiary of Polyard Petroleum International Group Limited, holds SC No. 49.'
Duterte giving Chinese taking our resources so what's new about that?
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