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Ann: Philippine Service Contract Extensions, page-6

  1. longreach
    4,686 Posts.
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    18/11/21
    09:46
    Post #: 57662084
    Excuse my presumption, but I'd suggest you have absolutely no idea of how the offshore industry works based on your post!
    In simple terms, without the certainty of assured government backed rights to the blocks no major oil company would even consider a farm-in. This extension provides the surety of tenure essential for the next step in the process.
    SGC Price at posting: 3.5¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch. 3  Great analysis
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