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Consolidated Robina Capital Corp
R. Coyiuto Securities, Inc.
Prudential Guarantee & Assurance
J.G. Summit Holdings, Inc.
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18.53
12.07
6.67
0.88
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Overview
OPM's petroleum revenues and production and related expenses are derived from SC 14 Contract Area, which is composed of four blocks, namely, A (Nido), B (Matinloc), C (Galoc & West Linapacan) and D. Of these blocks, only blocks of Nido, Matinloc and Galoc are in operation. West Linapacan is currently under evaluation for re-activation after it was shut-in in 1991 due to water intrusion, and Block D is designated as the retention block.
Business
Nido and Matinloc oilfields’ combined production were sold
and delivered to Pilipinas Shell while production from Galoc were sold and
delivered to various customers. For the year ended December 31, 2016, the
Company recorded total revenue from petroleum operations of US$8.67 million.
The main source of this revenue was from Galoc operations which contributed a
total of US$7.72 million.
Contract Location Expiration Date Share
(%)
SC 6B (Bonita) NW Palawan February 28, 2024 14.063
SC 14A (Nido) NW Palawan December 17, 2025 42.940
SC 14B (Matinloc) NW Palawan December 17, 2025 17.703
SC 14B1 (N. Matinloc) NW Palawan December 17, 2025 27.772
SC14C (West Linapacan) NW Palawan December 17, 2025 30.288
SC14C (Galoc) NW Palawan December 17, 2025 December 17,
2025 7.785
SC 14D NW Palawan December 17, 2025 20.829
Subsidiaries /
Associates / Affiliates / Joint Ventures
Oriental Mahogany Woodworks, Inc. (100%) Linapacan Oil Gas and Power Corporation (100%) Oriental Land Corporation. (100%)
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