By Lenie Lectura - August 15, 2019
THE Department of Energy (DOE) will
open the bid offers for nominated areas under the Philippine Conventional
Energy Contracting Program (PCECP) starting Friday, August 16.
Under the PCECP, investors may
engage in upstream exploration or development activities in two ways. One is by
choosing an area from the 14 Pre-Determined Areas offered by the DOE. The
application period for the PDAs will end at 11 a.m. of August 19. The second
option is proposing their own areas for exploration, which begins by requesting
for an Area Clearance.
The DOE is pushing to reinvigorate
petroleum exploration and development activities in the country to serve as a
cushion against the volatility of oil prices, which has a direct impact on the
costs of transport and power.
“We need to increase exploration and
development activities in the Philippines so that our country can become energy
self-sufficient. The DOE is continuously pushing for the success of the PCECP
for the effective, responsible and reasonable development of all our indigenous
energy resources,” Energy Secretary Alfonso G. Cusi said.
Three companies have published their
nominated areas in the Sulu Sea Basin, Northeast Palawan Basin and Southeast
Luzon Basin.
The DOE has set the opening of
applications for Sulu Sea on Friday, August 16; Northeast Palawan, August 19;
and Southeast Luzon, August 20. Challengers have until 11 a.m. on
each day to submit their application requirements before bids are opened at
1:30 p.m.
The DOE has set up a one-stop shop
at the venue to accommodate any last-minute submissions from challengers until
the prescribed deadline.
The agency said each of the three
nominating companies has complied with area clearance and nomination
requirements prescribed under Department Circular (DC) 2017-12-0017 on the
PCECP Circular and Guidelines.
Members of the Centralized Review
and Evaluation Committee (CREC) will be spearheading the bid opening activity
to run the “completeness check” for each submitted proposal.
The lack of any documentary
requisite in the PCECP Guidelines and Application Checklist, which includes
legal, technical and financial qualification documents, will warrant an
automatic disqualification, said the agency.
On the other hand, qualified
applications shall be subjected to further exhaustive evaluations from the
CREC. After which, an endorsement of the highest-ranked application would be
drafted. This would be followed by the signing of a corresponding Service
Contract by President Duterte.
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