Updated May 28, 2018, 10:43 PM By Myrna M.
Velasco
The Department of Energy (DOE) has
issued tender notice on its engagement of a foreign consultant to “manage and
package petroleum data” that shall be offered by the government under the
Philippine Conventional Energy Contracting Program.
That expertise, according to Energy
Undersecretary Donato D. Marcos shall be something that foreign firms would be
able to provide the country via a consultancy arrangement.
“We need proper management and
packaging of the petroleum data that we have so they become more attractive to
investors,” he said.
This step, he added, shall be part
of the government’s preparation on its launch of the PCECP – which the energy
department has been targeting accomplished either by next month or early part
of July.
In the bid submission notice, the
DOE specified that it is “soliciting proposals for a prospective data
management service provider to handle data viewing and data package sales of
the pre-determined areas of the PCECP.”
The deadline of submission on
‘petroleum data management proposal’ is May 30 this year and must be channeled
through the Energy Resource Development Bureau (ERDB) of the department.
The pre-determined areas (PDAs)
comprise of 14 blocks along six basins in various parts of the country.
Altogether, they straddle 73,576.66 square kilometers of both shallow and
deep-water drilling prospects in East Palawan, Cagayan, West Luzon, Sulu Sea,
Cotabato, and Agusan-Davao basins.
The country’s modified petroleum
contracting round is done on two spheres – one shall be submission for the
pre-determined areas; while the other is year-round lodging of unsolicited
proposals based on the preference of investors.
Following the launch of the PCECP in
the country, the DOE will be scouring for prospective foreign investors via the
four scheduled roadshows that shall be carried out in Singapore, United States,
Australia and the United Kingdom.
At all four sub-phases of
exploration and drilling activities in investors’ work programs at the
pre-determined blocks, the Philippine government is expecting to fetch up to
US$2.4 billion worth of investments.
The PCECP is a contracting regime
that essentially replaced the Philippine Energy Contracting Round (PECR)– which
so far lasted for a decade with at least five batches of petroleum blocks’
bidding.
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