DOE undertakes roadshow in US on petroleum contracting

to lodge application for the new petroleum service areas on offer.

Following the enforcement of 90day deadline extension on tender submissions, the Department of Energy (DOE) is undertaking this week the United States leg of its roadshow to entice more investors into the 14 pre-determined areas (PDAs) or petroleum blocks that the government has been offering via the Philippine Conventional Energy Contracting Program.

The America roadshow will coincide with the annual convention and exhibition of the American Association of Petroleum Geologists (AAPG) in San Antonio, Texas on May 19-22.

As announced by the department, the delegation led by Energy Undersecretary Donato D. Marcos will do the presentation and will also be holding one-on-one meetings with interested parties.

Meanwhile, the submission of offers on the specified blocks have been moved to August 19 this year from what was originally scheduled on May 21, 2019, according to the advisory to investors issued by the energy department.

It qualified that the deadline had been extended “in order to provide additional time for applicants and other interested parties to submit their complete application documents.”

The energy department, as of latest count, has been expecting up to 17 firms that are interested

In the roll previously indicated by the department as interested investors included Australian, American, British, Spanish, French, Anglo-Dutch, Israeli, and a number of Asian companies – and such included the wellentrenched players already operating in the country.