CERTIFICATION SERIES

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                    [ArticleID] => 206192
                    [Title] => PNOC-EDC earns P1.1-B from overseas deals
                    [Summary] => PNOC Energy Development Corp. reported yesterday that it earned P1.1 billion on third party drilling and consultancy service contracts from June 1996 to December 2002. 


PNOC-EDC chairman and president Sergio Apostol said the revenues came mostly from drilling contracts with Papua New Guinea’s Lihir Management Co. (LMC), Gulf Indonesia and Philippine Geothermal Inc. (PGI) 


Apostol said the figures show an average 10-percent yearly increase in the geothermal firm’s drilling income. 


                    [DatePublished] => 2003-05-15 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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PNOC-EDC earns P1.1-B from overseas deals

May 15, 2003 - 12:00am

PNOC Energy Development Corp. reported yesterday that it earned P1.1 billion on third party drilling and consultancy service contracts from June 1996 to December 2002. PNOC-EDC chairman and president Sergio Apostol...

Business