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                    [ArticleID] => 269688
                    [Title] => Good time for Malampaya divestment
                    [Summary] => If the Philippine National Oil Co. (PNOC) subsidiary PNOC Exploration Corp. delivers on its promise that it will complete the deal soonest, then government could get a shot in the arm with the anticipated privatization of a portion of PNOC-EC’s stake in the Malampaya natural gas project.


It will be recalled that the Malampaya project is the first major offshore oil and natural gas exploration and development in the country. Shell and Chevron Texaco split 90 percent of the total interest in the project which sits some 80 km northwest of Palawan, PNOC-EC has 10 percent.


                    [DatePublished] => 2005-03-09 00:00:00
                    [ColumnID] => 134315
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SHELL AND CHEVRON TEXACO

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                    [ArticleID] => 269688
                    [Title] => Good time for Malampaya divestment
                    [Summary] => If the Philippine National Oil Co. (PNOC) subsidiary PNOC Exploration Corp. delivers on its promise that it will complete the deal soonest, then government could get a shot in the arm with the anticipated privatization of a portion of PNOC-EC’s stake in the Malampaya natural gas project.


It will be recalled that the Malampaya project is the first major offshore oil and natural gas exploration and development in the country. Shell and Chevron Texaco split 90 percent of the total interest in the project which sits some 80 km northwest of Palawan, PNOC-EC has 10 percent.


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abtest

Good time for Malampaya divestment

March 9, 2005 - 12:00am

If the Philippine National Oil Co. (PNOC) subsidiary PNOC Exploration Corp. delivers on its promise that it will complete the deal soonest, then government could get a shot in the arm with the anticipated privatization...

Business