PXP Energy Corp. is pursuing other projects after exploration activities for petroleum service contracts —SC 72 and SC 75 blocks in the West Philippine Sea—were suspended.PXP President Daniel Stephen Carlos said during the company’s annual meeting that Forum plans to start this year the preparations for drilling programs for two onshore wells under SC 40-North Cebu.
“Once awarded, the company plans to acquire 2D seismic data along with marine gravity and magnetic data,” said the PXP official. The clearance must be issued by the Security, Justice and Peace Coordinating Cluster , which is composed of the Departments of the Interior and Local Government, Foreign Affairs, National Defense, Justice, and the Office of the Presidential Adviser on the Peace Process with the National Security Council as secretariat.
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