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                    [ArticleID] => 280773
                    [Title] => Dutch firm lends $31M for Galoc oil search project
                    [Summary] => Vitol Group, a Netherlands-based petroleum products marketer, will underwrite a $31-million worth of loan to further develop service contract (SC) 14 in the Galoc oil reserves located northwest of Palawan.


In a disclosure to the Philippine Stock Exchange (PSE), Philodrill Corp., one of the consortium members which holds equity in SC 14, said the loan will come on top of the $9-million that Vitol earlier committed to infuse to Galoc Production Co. (GPC).


                    [DatePublished] => 2005-06-08 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
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TEAM OIL AND CAPE ENERGY

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                    [ArticleID] => 280773
                    [Title] => Dutch firm lends $31M for Galoc oil search project
                    [Summary] => Vitol Group, a Netherlands-based petroleum products marketer, will underwrite a $31-million worth of loan to further develop service contract (SC) 14 in the Galoc oil reserves located northwest of Palawan.


In a disclosure to the Philippine Stock Exchange (PSE), Philodrill Corp., one of the consortium members which holds equity in SC 14, said the loan will come on top of the $9-million that Vitol earlier committed to infuse to Galoc Production Co. (GPC).


                    [DatePublished] => 2005-06-08 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
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                    [AuthorName] => Donnabelle L. Gatdula
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                    [URL] => 
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abtest

Dutch firm lends $31M for Galoc oil search project

By Donnabelle L. Gatdula | June 8, 2005 - 12:00am

Vitol Group, a Netherlands-based petroleum products marketer, will underwrite a $31-million worth of loan to further develop service contract (SC) 14 in the Galoc oil reserves located northwest of Palawan. In a...

Business