There was a 6 year suspension placed on oil exploration activity in the west philippines sea which affected SC58, hence there was no activity.
The suspension was lifted in October 2020. A one year force majeure for covid was put in place until 16 October 2021. PNOC our JV partner are very committed to SC58.
Activity maybe happening on our multi billion barrel baby (SC58) very soon imo, once 16 October 2021 passes.
https://pnoc-ec.com.ph/projects/service-contract-no-58-west-calamian
BILLION BARREL BONANZA, page-11
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