Forum Energy, the UK incorporated oil and gas exploration and production company with a focus on the Philippines, on Friday confirmed that the Philippine Department of Energy has granted the Company’s request for an extension to the second sub-phase of Service Contract 72 (“SC72”).
The deadline for completion of the second sub-phase, comprising the drilling of two appraisal wells, has now been extended by two years to 14 August 2015.
The SC72 is an offshore licence which contains the Sampaguita Gas Field as well as several oil and gas leads.
[mappress] January 28, 2013