Authorities have cancelled the awards to Colossal Petroleum for Areas 5 and 7 (5,760 sq km in the East Palawan Basin and 4,680 sq km in the Recto Bank, respectively), originally offered during the Philippine Energy Contracting Round V (PECR V). More from GEPS.
Authorities have cancelled the awards to Colossal Petroleum for Areas 5 and 7 (5760kmÂ² and 4680kmÂ²), originally offered during the Philippine Energy Contracting Round V (PECR V).