Drilling services to start in Alegria oil field soon

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CEBU CITY, Philippines — Drilling of the six production wells in Alegria’s oil field is about to start. This developed after Polyard Petroleum International Group Limited announced that they had entered into a Turnkey Drilling Service Agreement with a contractor that had provided oilfield engineering and technology services on January 11, 2020. Petroleum Service Contract […]

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.

 

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'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.'

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