Exploration & Production

PXP Energy eyeing return to South China Sea

Philippine oil and gas exploration company PXP Energy has expressed interest in resuming exploration in the Reed Bank area in the South China Sea.
By Staff reporter 7 August 2017 0 27086

Philippine oil and gas exploration company PXP Energy has expressed interest in resuming exploration in the Reed Bank area in the South China Sea and has said it would enter a joint venture with a Chinese company to do so, according to Reuters.

Work was halted in 2014 following a standoff with China over rights to the area. Philippine President Rodrigo Duterte has announced his willingness to share the resources with China, but the Philippine constitution would need to be altered to allow...