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                    [ArticleID] => 278171
                    [Title] => PNOC-EDC bags $5.7-M drilling contract in Papua New Guinea
                    [Summary] => PNOC-Energy Development Corp. (EDC) bagged a 12-month drilling contract in Lihir Island, Papua New Guinea worth about $5.7 million, a company official announced yesterday.  


EDC, a subsidiary of state-owned Philippine National Oil Co. (PNOC), has been tapped anew by Lihir Management Co. (LMC), the manager of the gold mining operations in Lihir Island, for the drilling of geothermal and dewatering wells in the island.   


The new drilling contract is EDC’s fourth with LMC after completing its third contract in 2003.  


                    [DatePublished] => 2005-05-18 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 206192
                    [Title] => PNOC-EDC earns P1.1-B from overseas deals
                    [Summary] => PNOC Energy Development Corp. reported yesterday that it earned P1.1 billion on third party drilling and consultancy service contracts from June 1996 to December 2002. 


PNOC-EDC chairman and president Sergio Apostol said the revenues came mostly from drilling contracts with Papua New Guinea’s Lihir Management Co. (LMC), Gulf Indonesia and Philippine Geothermal Inc. (PGI) 


Apostol said the figures show an average 10-percent yearly increase in the geothermal firm’s drilling income. 


                    [DatePublished] => 2003-05-15 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
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DRILLING CONTRACTORS

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                    [ArticleID] => 278171
                    [Title] => PNOC-EDC bags $5.7-M drilling contract in Papua New Guinea
                    [Summary] => PNOC-Energy Development Corp. (EDC) bagged a 12-month drilling contract in Lihir Island, Papua New Guinea worth about $5.7 million, a company official announced yesterday.  


EDC, a subsidiary of state-owned Philippine National Oil Co. (PNOC), has been tapped anew by Lihir Management Co. (LMC), the manager of the gold mining operations in Lihir Island, for the drilling of geothermal and dewatering wells in the island.   


The new drilling contract is EDC’s fourth with LMC after completing its third contract in 2003.  


                    [DatePublished] => 2005-05-18 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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                (
                    [ArticleID] => 206192
                    [Title] => PNOC-EDC earns P1.1-B from overseas deals
                    [Summary] => PNOC Energy Development Corp. reported yesterday that it earned P1.1 billion on third party drilling and consultancy service contracts from June 1996 to December 2002. 


PNOC-EDC chairman and president Sergio Apostol said the revenues came mostly from drilling contracts with Papua New Guinea’s Lihir Management Co. (LMC), Gulf Indonesia and Philippine Geothermal Inc. (PGI) 


Apostol said the figures show an average 10-percent yearly increase in the geothermal firm’s drilling income. 


                    [DatePublished] => 2003-05-15 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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abtest

PNOC-EDC bags $5.7-M drilling contract in Papua New Guinea

By Donnabelle L. Gatdula | May 18, 2005 - 12:00am

PNOC-Energy Development Corp. (EDC) bagged a 12-month drilling contract in Lihir Island, Papua New Guinea worth about $5.7 million, a company official announced yesterday. EDC, a subsidiary of state-owned Philippine...

Business

PNOC-EDC earns P1.1-B from overseas deals

May 15, 2003 - 12:00am

PNOC Energy Development Corp. reported yesterday that it earned P1.1 billion on third party drilling and consultancy service contracts from June 1996 to December 2002. PNOC-EDC chairman and president Sergio Apostol...

Business