By Myrna M. Velasco
The Department of Energy (DOE) has issued tender notice on its engagement of a foreign consultant to “manage and package petroleum data” that shall be offered by the government under the Philippine Conventional Energy Contracting Program.
That expertise, according to Energy Undersecretary Donato D. Marcos shall be something that foreign firms would be able to provide the country via a consultancy arrangement.
“We need proper management and packaging of the petroleum data that we have so they become more attractive to investors,” he said.
This step, he added, shall be part of the government’s preparation on its launch of the PCECP – which the energy department has been targeting accomplished either by next month or early part of July.
In the bid submission notice, the DOE specified that it is “soliciting proposals for a prospective data management service provider to handle data viewing and data package sales of the pre-determined areas of the PCECP.”
The deadline of submission on ‘petroleum data management proposal’ is May 30 this year and must be channeled through the Energy Resource Development Bureau (ERDB) of the department.
The pre-determined areas (PDAs) comprise of 14 blocks along six basins in various parts of the country. Altogether, they straddle 73,576.66 square kilometers of both shallow and deep-water drilling prospects in East Palawan, Cagayan, West Luzon, Sulu Sea, Cotabato, and Agusan-Davao basins.
The country’s modified petroleum contracting round is done on two spheres – one shall be submission for the pre-determined areas; while the other is year-round lodging of unsolicited proposals based on the preference of investors.
Following the launch of the PCECP in the country, the DOE will be scouring for prospective foreign investors via the four scheduled roadshows that shall be carried out in Singapore, United States, Australia and the United Kingdom.
At all four sub-phases of exploration and drilling activities in investors’ work programs at the pre-determined blocks, the Philippine government is expecting to fetch up to US$2.4 billion worth of investments.
The PCECP is a contracting regime that essentially replaced the Philippine Energy Contracting Round (PECR)– which so far lasted for a decade with at least five batches of petroleum blocks’ bidding.