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Although it has been granted a one-year contract extension by the national government, the Australian oil firm that discovered oil in Aloguinsan town has yet to get the go signal to conduct commercial viability testing.

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The Department of Energy (DOE) has approved Service Contract 44 in onshore Cebu, its proponent, Sydney-based petroleum exploration firm Gas2Grid said yesterday.

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Australian upstream oil firm Gas2Grid Ltd. will conduct exploration works on three prospects in onshore Cebu island until early next year.

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GAS2GRID

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Although it has been granted a one-year contract extension by the national government, the Australian oil firm that discovered oil in Aloguinsan town has yet to get the go signal to conduct commercial viability testing.

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                    [Title] => DOE approves SC 44 in Cebu
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                    [DatePublished] => 2014-01-04 00:00:00
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abtest

Aloguinsan oil exploration: Viability testing starts next week

April 12, 2014 - 12:00am

The Gas2Grid Limited has mobilized its crew and equipment this week to prepare Rig-2 for “oil production test operations aiming to confirm the commerciality of the Malolos Oil Field.”

Cebu News

Gas2Grid awaits nod on more Cebu oil tests

By Jessa Agua | February 23, 2014 - 12:00am

Although it has been granted a one-year contract extension by the national government, the Australian oil firm that discovered oil in Aloguinsan town has yet to get the go signal to conduct commercial viability...

Cebu News

DOE approves SC 44 in Cebu

By Iris Gonzales | January 4, 2014 - 12:00am

The Department of Energy (DOE) has approved Service Contract 44 in onshore Cebu, its proponent, Sydney-based petroleum exploration firm Gas2Grid said yesterday.

Business

Australian oil firm to explore 3 Cebu prospects

By Neil Jerome Morales | December 2, 2012 - 12:00am

Australian upstream oil firm Gas2Grid Ltd. will conduct exploration works on three prospects in onshore Cebu island until...

Business