EURO PACIFIC ENERGY

Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 98524
                    [Title] => Spex pays $1 M for Fuga Is farm-in arrangement
                    [Summary] => Shell Philippines Exploration BV (Spex) reportedly paid $1 million for its farm-in arrangement involving the natural gas exploration project on Fuga Island which is led by Philippine National Oil Corp. -Energy Development Corp. (PNOC-EDC).


Spex has until October 2001 to decide whether it will directly get involved in the Fuga Island project. Spex is the license holder for the highly-successful Malampaya gas fields in Palawan.


                    [DatePublished] => 2000-10-18 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 98958
                    [Title] => Spex takes over Fuga project
                    [Summary] => 

Shell Philippines Exploration BV (Spex) and the Philippine National Oil Corp.
(PNOC) have entered into a farm-in agreement that will allow the former to
assume operatorship of the Fuga Island exploration project.

The Fuga Island project has an estimated five trillion cubic feet (TCF) of
natural gas, which could provide power for a 5,000-megawatt (MW) combined cycle
turbine power plant.

Under the agreement, Spex has the option to assume the operatorship as well as
acquire up to 50 percent of the PNOC interest for the possible joint
development of the natural gas project.


                    [DatePublished] => 2000-05-09 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

Spex pays $1 M for Fuga Is farm-in arrangement

October 18, 2000 - 12:00am

Shell Philippines Exploration BV (Spex) reportedly paid $1 million for its farm-in arrangement involving the natural gas exploration project on Fuga Island which is led by Philippine National Oil Corp. -Energy Development...

Business

Spex takes over Fuga project

By Ted P. Torres | May 9, 2000 - 12:00am

Shell Philippines Exploration BV (Spex) and the Philippine National Oil Corp. (PNOC) have entered into a farm-in agreement that will allow the former to assume operatorship of the Fuga Island exploration project. The...

Business