Manila Bulletin
By MYRNA M. VELASCO
December 3, 2012, 4:51pm
The review and evaluation committee (REC) of the Philippine Energy Contracting Round (PECR)-4 has recommended the award of six petroleum service contracts (SCs) and 19 coal operating contracts (COCs) to companies which submitted the winning bids.
Official documents exclusively obtained from the Department of Energy (DoE) showed that the winning offers for oil and gas service contracts are: Planet Gas Pty Ltd. for Area 1 (Cagayan Basin); the consortium of Philex Petroleum Corporation (as operator), Philippine National Oil Company-Exploration Corporation and PetroEnergy Resources Corporation for Area 4 (Northwest Palawan Basin); the consortium of Pitkin Petroleum PLC (as operator) and Philodrill Corporation for Area 5 (Northwest Palawan Basin); NorAsian Energy Philippines Inc. for Area 7 (Mindoro Basin-Cuyo Platform); MIN Energy Pty Ltd. for Area 12 (Cotabato Basin); and Loyz Oil Pte Ltd for Area 14 (East Palawan Basin).
No winners were endorsed for Area 2 (Central Luzon Basin); Area 3 (Northwest Palawan); Areas 10 and 11 (both at East Palawan Basin); and Area 15 (Sulu Sea Basin). The evaluation committee instead proposed that a “rebidding process” be undertaken for these service areas.
“After thorough evaluation, the REC accepted the proposals for six areas and rejected the proposals for five areas due to financial or technical deficiencies,” the committee has stated in its memorandum to the Office of the Energy Secretary.
For coal exploration, 19 offers have been evaluated as winning bids. However, only six developers covering 13 areas were approved for immediate award as stipulated in a “priority memorandum” dated October 11, 2012 that was issued by former Energy Secretary Rene Almendras, or prior to his departure from the department.
These are Altura Mining Philippines Inc. for Areas 3, 4 and 17 (in Catanduanes, Albay and Bislig, Surigao del Sur, respectively); South Davao Development Corporation Inc. for Area 8 (San Jose and Magsaysay, Occidental Mindoro); Semirara Mining Corporation for Areas 9 and 25-B (Bulalacao, Oriental Mindoro and Sarangani, respectively); Empire Asia Mining Corporation for Areas 13 as well as 18-A and 18-B (Agusan del Norte and Bislig & Lingig, Surigao del Sur, respectively); SKI Mining Corporation for Area 19-A (Trento, Agusan del Sur); and the Philippine National Oil Company-Exploration Corporation for Areas 19-B, 29 and 30-A (Lingig, Surigao del Sur; Buug & Malangas, Zamboanga Sibugay and Imelda, Malangas & Alicia, Zamboanga Sibugay).
Energy Secretary Carlos Jericho Petilla has noted that the contracts will be deliberated this week, “and we intend to finish all oil and coal within that day”; and hinted as well that the award will likely happen before the end of this year.
At least six coal blocks with proposed winners by the evaluation committee had been withheld for award. These are: Superfine Mines and Minerals Inc. Inc for Area 11 (Toledo and Mingalanilla, Cebu); APMR Mining Resources Corporation for Area 15 (Sibagat, Agusan del Sur and Butuan, Agusan del Norte); Sun Valley Resources & New Energy Inc. for Area 22 (Tagoloan II and Kapai, Lanao del Sur and Iligan City); Mega Philippines Inc. for Area 23 (Lake Sebu, South Cotabato, Palimbang, Sultan Kudarat and Maitum, Sarangani); KwangMing Mineral Company, Inc. for Area 26-A (Godod, Zamboanga del Norte); and Blackstone Mineral Resources Inc. for Area 27 (Ipil & Naga, Zamboanga Sibugay).
Petilla further indicated that some winning offers endorsed have “some minor defects”, so he needs to go through all the tenders one by one, and will be asking the DOE’s evaluation committee to justify why these parties were recommended.
The DOE’s review team indicated that “after thorough evaluation, the REC accepted the proposal for 19 areas, rejected the proposals for 7 areas due to financial or technical deficiencies and one withdrew its application.”
For the COCs which were not given the go-signal for award, Petilla has emphasized that he will require the REC for its presentation on its recommendation on the remaining areas.
Initial numbers drawn by the department had shown investment flows of more than $207 million for the 7-year exploration period of the petroleum contractors; and roughly $24.18 million for the coal ventures. (MMV) source
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