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                    [Title] => PNOC-EDC hikes 2002 drilling budget by 150%
                    [Summary] => The PNOC-Energy Development Corp., a wholly-owned subsidiary of the Philippine National Oil Co. (PNOC), will more than double its budget for its drilling program this year, company chairman Sergio Apostol said.


Apostol said they will set aside P1.68 billion for drilling operations this year, 150 percent higher than last year’s total drilling expenditures of P675 million.


PNOC-EDC, one of the most aggressive subsidiaries of PNOC, is programmed to drill at least 15 new wells in different parts of the country.


                    [DatePublished] => 2002-01-11 00:00:00
                    [ColumnID] => 133272
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MT. LOI

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                    [ArticleID] => 146696
                    [Title] => PNOC-EDC hikes 2002 drilling budget by 150%
                    [Summary] => The PNOC-Energy Development Corp., a wholly-owned subsidiary of the Philippine National Oil Co. (PNOC), will more than double its budget for its drilling program this year, company chairman Sergio Apostol said.


Apostol said they will set aside P1.68 billion for drilling operations this year, 150 percent higher than last year’s total drilling expenditures of P675 million.


PNOC-EDC, one of the most aggressive subsidiaries of PNOC, is programmed to drill at least 15 new wells in different parts of the country.


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abtest

PNOC-EDC hikes 2002 drilling budget by 150%

January 11, 2002 - 12:00am

The PNOC-Energy Development Corp., a wholly-owned subsidiary of the Philippine National Oil Co. (PNOC), will more than double its budget for its drilling program this year, company chairman Sergio Apostol said. Apostol...

Business