The DoE and PNOC-EC are running a study of a possible Malampaya field takeover in SC 38 (off NW Palawan) when Shellâs service contract expires in 2024. Â SC 38 is currently run by Shell (op), Chevron + PNOC-EC, and is under an application for an extension to 2039 â developments still awaited. PNOC-EC would also like to boost its 10% stake to 49%, the remaining 51% could be offered to a someone who can provide technical expertise and operatorship.
The DoE and PNOC-EC are running a study of a possible Malampaya field takeover in SC 38 (off NW Palawan) when Shellâs service contract expires in 2024.  SC 38 is currently run by Shell (op), Chevron + PNOC-EC, and is under an application for an extension to 2039 â developments still awaited. PNOC-EC would also like to boost its 10% stake to 49%, the remaining 51% could be offered to a someone who can provide technical expertise and operatorship.