The Philippines is seeking oil exploration partners within the United Arab Emirates (UAE) with offers of engaging terms, incentives, and viable service contracts with the government.
The Department of Energy (DOE) and therefore the Philippine embassy in Abu Dhabi have teamed up in promoting energy investment opportunities for Emirati investors.
The DOE and the embassy recently conducted the Philippine standard Energy acquiring Program (PCECP) roadshow in Abu Dhabi and Sharjah.
Energy Assistant Secretary led the six-member delegation to the roadshow.
Ambassador Hjayceelyn Quintana welcomes the DOE’s strategic promotion of fossil fuel exploration within the UAE, its first-ever roadshow within the Gulf and Middle East region.
The PCECP roadshow aims to assist sustain energy security and property within the country by trying to find investors fascinated by oil and gas exploration in pre-determined and undiscovered areas within the Philippines.
During their visit, members of the delegation met with the Abu Dhabi Investment Council, Abu Dhabi Chamber of Commerce and business, Sharjah Chamber of Commerce and business and a variety of huge business players with offices within the UAE.
The London-based Energy Institute, with a Middle East workplace in, organized the conferences.
The Philippines and China have united on a joint oil and gas exploration deal, one in all 29 agreements signed throughout the state visit to the Philippines of Chinese President Xi Beijing in November 2018.
The two countries have fashioned operating teams to explore oil and gas agreements within the West Philippine Sea.
Members of an inter-government committee tasked to supervise the Philippines’ joint oil and gas exploration come with China have already been appointed.
The Philippine delegation consists of officers from the Department of Foreign Affairs and one every from the DOE, Department of Justice and therefore the National Mapping and Resource info Authority.