LIGUASAN MARSH NATURAL GAS UPDATE 2022 ( OIL EXPLORATION SISIMULAN NA )
Published at : April 18, 2022
LIGUASAN MARSH UPDATE 2022
The Department of Energy (DOE) has issued a petroleum service contract to SK Liguasan Oil and Gas Corporation (SKLOGC) to develop the Cotabato Basin, which includes the Liguasan Marsh.
Energy Sec. Alfonso Cusi confirmed the signing of Service Contract (SC) 77 last week.
Cusi had endorsed the contract to the Office of the President for final approval, which then allowed the DOE to proceed with the awarding of SC77 “provided that SKLOGC shall submit an undertaking stating, among others, that it shall abide by the final decision of the Supreme Court relative to tax assumption provisions of other existing [petroleum service contracts].”
SC77 covers a 72,000-hectare petroleum-prospective area in the onshore Cotabato Basin, which sits on a 1.2-million hectare area in Sultan Kudarat, Maguindanao, and North and South Cotabato. Together, the four provinces comprised most of the old Cotabato province during the American colonial and postwar periods.
SKLOGC was the challenger for the nominated Area 9 of the Philippine Conventional Energy Contracting Program (PCECP) that was launched by the DOE in 2018 to “encourage stakeholders to invest, explore, develop and produce Philippine indigenous energy resources.”
The company passed the completeness check under the evaluation criteria in the PCECP’s guidelines. However, Banaba Oil and Gas Energy Corporation – the original nominating party – failed to comply with the requirements.
SKLOGC was able to identify 22 sites within the SC77 area to have the potential for oil and gas deposits.
Last year, PNOC-Exploration Corporation (PNOC-EC) expressed its interest to explore the Liguasan Marsh. PNOC-EC’s parent firm Philippine National Oil Company (PNOC) is an attached agency of the DOE.
State-owned PNOC-Exploration Corporation (PNOC-EC) revived its interest to explore the Liguasan Marsh’s oil and gas potential.
PNOC-EC President and CEO Rozzano Briguez said at the Philippine Energy Transition Forum last week that the government-owned firm is still taking on studies, as well as a dual partnership with the academe and some of its proponents for onshore development and the use of the latest methods and technologies to reduce its negative impact on the environment.
The Liguasan Marsh is a 200,000-hectare protected area in North Cotabato, Maguindanao, and Sultan Kudarat consisting of wet and dry basins along the Mindanao River, the country’s second-longest river. It is reported to be rich in oil and natural gas deposits. The Department of Environment and Natural Resources in December 2020 turned over the marshland’s management to the government of the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM).
PNOC-EC plans to begin its exploration activities in the Sultan Kudarat portion of the marsh, though Briguez wants the BARMM’s and the Department of Energy’s (DOE) policies laid out first before proceeding.
Pres. Rodrigo Duterte said in 2019 that the BARMM government should take the lead in developing the Liguasan Marsh. Under Article XIII, Section 10 of Republic Act 11054, or the Bangsamoro Organic Law, both the autonomous region and the national government should co-manage any proceeds from the exploration, developlment, and utilization of “fossil fuels such as petroleum, natural gas and coal.
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The Department of Energy (DOE) has issued a petroleum service contract to SK Liguasan Oil and Gas Corporation (SKLOGC) to develop the Cotabato Basin, which includes the Liguasan Marsh.
Energy Sec. Alfonso Cusi confirmed the signing of Service Contract (SC) 77 last week.
Cusi had endorsed the contract to the Office of the President for final approval, which then allowed the DOE to proceed with the awarding of SC77 “provided that SKLOGC shall submit an undertaking stating, among others, that it shall abide by the final decision of the Supreme Court relative to tax assumption provisions of other existing [petroleum service contracts].”
SC77 covers a 72,000-hectare petroleum-prospective area in the onshore Cotabato Basin, which sits on a 1.2-million hectare area in Sultan Kudarat, Maguindanao, and North and South Cotabato. Together, the four provinces comprised most of the old Cotabato province during the American colonial and postwar periods.
SKLOGC was the challenger for the nominated Area 9 of the Philippine Conventional Energy Contracting Program (PCECP) that was launched by the DOE in 2018 to “encourage stakeholders to invest, explore, develop and produce Philippine indigenous energy resources.”
The company passed the completeness check under the evaluation criteria in the PCECP’s guidelines. However, Banaba Oil and Gas Energy Corporation – the original nominating party – failed to comply with the requirements.
SKLOGC was able to identify 22 sites within the SC77 area to have the potential for oil and gas deposits.
Last year, PNOC-Exploration Corporation (PNOC-EC) expressed its interest to explore the Liguasan Marsh. PNOC-EC’s parent firm Philippine National Oil Company (PNOC) is an attached agency of the DOE.
State-owned PNOC-Exploration Corporation (PNOC-EC) revived its interest to explore the Liguasan Marsh’s oil and gas potential.
PNOC-EC President and CEO Rozzano Briguez said at the Philippine Energy Transition Forum last week that the government-owned firm is still taking on studies, as well as a dual partnership with the academe and some of its proponents for onshore development and the use of the latest methods and technologies to reduce its negative impact on the environment.
The Liguasan Marsh is a 200,000-hectare protected area in North Cotabato, Maguindanao, and Sultan Kudarat consisting of wet and dry basins along the Mindanao River, the country’s second-longest river. It is reported to be rich in oil and natural gas deposits. The Department of Environment and Natural Resources in December 2020 turned over the marshland’s management to the government of the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM).
PNOC-EC plans to begin its exploration activities in the Sultan Kudarat portion of the marsh, though Briguez wants the BARMM’s and the Department of Energy’s (DOE) policies laid out first before proceeding.
Pres. Rodrigo Duterte said in 2019 that the BARMM government should take the lead in developing the Liguasan Marsh. Under Article XIII, Section 10 of Republic Act 11054, or the Bangsamoro Organic Law, both the autonomous region and the national government should co-manage any proceeds from the exploration, developlment, and utilization of “fossil fuels such as petroleum, natural gas and coal.
#liguasanmarshnaturalgasupdate
#liguasanmarshupdate
#buildbuildbuild
DONT FORGET TO LIKE SHARE COMMENT AND SUBSCRIBE...
HIT THE NOTIFICATION BELL 🔔 FOR MORE UPDATES
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YOUTUBE AUDIO LIBRARY
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