(Taguig City) To boost energy development in the Philippines, the Department of Energy (DOE) lead by Sec. Carlos Jericho L. Petilla recently concluded 2 Philippine Energy Contracting Round 5 (PECR5) roadshows in Australia and Turkey last September 9-10 and 14-17, 2014 respectively. 

The PECR5 delegation headed by OIC-USec Zenaida Monsada joined the more than 200 exhibitors in the conference and exhibitions hosted by the Resource Information Unit (RIU) Good Oil Conference in Perth, Australia and the Association of American Petroleum Geologists (AAPG) International Conference and Exhibition in Istanbul, Turkey. 

The RIU Good Oil Conference brought interests among companies through the country’s fiscal policies that create traction and interest among international investors. 

The AAPG International Conference and Exhibition also became an opportunity for the DOE delegation to hold exploratory talks with the ExxonMobil Corporation and the Turkish Petroleum International Company (TPIC) for possible stakes in energy resource development in the Philippines. 

“This is an opportunity for the country to present to the international community its potentials in energy development and exploration… hopefully through exhibitions we can find prospective developers that can be our partner in achieving energy security in the nation and essentially convert interests to bids.” said USec. Monsada.

During the exhibitions, the delegation promoted this licensure round’s 11 petroleum blocks / areas for offer with the largest located east of Palawan Island and covers 576,000 hectares. 

The data package of the PECR 5 is now powered by EZ Data and can be accessed in the contracting round’s official website, http://www.doe.gov.ph/pecr5/.