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Forum Energy confirms request for SC72 extension


Published Jan 18, 2013
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Forum Energy acquisition boosts reserves, adds production offshore the Philippines-Spotlight

Forum Energy confirms the Company has requested an extension to the second-sub phase of the Service Contract 72 contract from the Philippine Department of Energy (DOE)

Drilling work had been scheduled to be concluded at SC72 within the second Sub-Phase of the Service Contract on or before 14 August 2013, however the requisite approvals from the DOE to conduct the proposed work programme (comprising of a geotechnical survey and the drilling of two appraisal wells) have to-date not been received.

In addition the Company is currently awaiting approval on the extension request.

Tags: Forum Energy




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