Philippine National Oil Company (PNOC)

Philippine National Oil Company (PNOC) is a government-owned and controlled company which is engaged in exploration, exploitation and development of all energy resources. PNOC EC, a subsidiary of PNOC, is either the operator or partner in eight petroleum service contracts covering an aggregate area of 57,630 km², currently the largest exploration acreage holding in the Philippine oil and gas sector. Malampaya gas field, which provides almost 40% of the country’s power source, was its biggest project and it’s planning to set up LNG facilities to prepare of the depletion of Malampaya.