House Asst. Majority Leader and Cebu First District Rep. Eduardo Gullas slammed on Wednesday, Dec. 8 the Makati Business Club for calling on the government to take control of the operations of the offshore Malampaya gas field.Gullas, chairman of the House Committee on Land Use, said the MBC must not pretend it is representing the entire business sector in the country when it asked government-owned Philippine National Oil Co. to take control of Malampaya.
The Cebuano solon explained that the objective behind the government’s petroleum service contracting scheme is “precisely to let private corporations assume the risk of spending capital to discover and develop our indigenous gas and oil resources.” “If they drill an offshore well that won’t flow gas or oil in commercial quantities, then the government does not have to worry about reimbursing them,” Gullas said.
“We must also stress that any government acquisition and operation of a new energy asset would be highly regressive, considering that the State has been disposing of them for decades,” Gullas said. “When the government sold PNOC EDC, nobody protested and said the government should keep the asset because it is the country’s largest and the world’s second-largest geothermal energy producer,” Gullas said.
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