May 18, 2019
THE Department of Energy (DoE) has extended the deadline for the filing of application to explore and develop petroleum resources in the Philippines at the request of investors.
In November last year, the DoE formally launched the Philippine Conventional Energy Contracting Program (PCECP) which would allow the government to facilitate applications and the awarding of service contracts.
It replaced the Philippine Energy Contracting Round (PECR) scheme where the DoE offered available areas for exploration and development and then solicited proposals.
The DoE has set a May 21 deadline for the submission of applications, but in a website post on Thursday, it said the deadline has been moved to August 19.
Energy Secretary Alfonso Cusi said on Thursday a lot of companies requested for the extension to gain ample time to prepare and complete the necessary requirements. “In fact, a number of companies have been requesting for said extension to give them more time to provide the necessary documentary requirements, as well as technical proposals and work programs,” Cusi said in a message to The Manila Times.
“The DOE decided to extend the application deadline to allow us to accommodate more applications from potential investors. This is in line with the overall objectives of the PCECP, which is to reinvigorate the country’s upstream sector,” he added.
The PCECP gives prospective investors two modes of application. They can submit offers for 14 pre-determined areas or nominate other areas of interest. The pre-determined areas cover one in Cagayan, one in Cotabato, two in Agusan-Davao, three in East Palawan, three in Sulu Sea, and four in West Luzon.
Areas affected by the ongoing disputes, including those in the West Philippine Sea, have been excluded in light of ongoing negotiations between Manila and Beijing, Cusi said last year.
Under the first mode, those interested have up to 180 days to file their applications. Those opting for the second mode can submit offers at any time of the year, subject to a 60-day challenge period upon publication and a 15-day evaluation process.
Currently, the DoE already received applications under the PCECP but did not provide additional information “to uphold the integrity of the application process.” It has been aggressively promoting the PCECP, which is governed by Department Circular DC2017-12-0017 signed in December 2017, for long-term energy security.
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