PNOC-EC has reportedly taken on a 4.5% interest from UC Malampaya Philippines (UCMP) in Shell-operated SC 38, NW Palawan Basin, for USD 56.5 MM. Partnership now Shell (op) 45%, UCMP 40.5%, PNOC 14.5%. SC 38 contains the producing Malampaya ga-cond field.
PNOC-EC has reportedly taken on a 4.5% interest from UC Malampaya Philippines (UCMP) in Shell-operated SC 38, NW Palawan Basin, for USD 56.5 MM. Partnership now Shell (op) 45%, UCMP 40.5%, PNOC 14.5%. SC 38 contains the producing Malampaya ga-cond field.