Philippines extension

摘要

Gas2Grid said its application to the Philippine Department of Energy for a two-year technical moratorium of Service Contract 44 (SC 44) to establish the best completion technology and fully appraise the Malolos oil field has been approved. “The technical moratorium which runs from 28 January 2015 to 28 January 2017 gives the company ample time to determine the development of the Malolos oil field with the aim to eventually be granted a 25-year production licence,” said Gas2Grid.