WebPXP's primary business is the exploration and production of crude oil and natural gas, through interests in petroleum service contracts (SCs) and holdings in resource … WebMay 27, 2024 · Pitkin Petroleum, a subsidiary company of PXP Energy Corporation chaired by businessman Manuel V. Pangilinan, has formally served a ‘notice of dispute’ and seeks US$100 million claims against Australian partner Karoon Gas Australia Limited on the latter’s alleged breach of drilling commitment for a petroleum exploration venture in Peru.
Philex Petroleum subsidiary exits Octon block
WebMar 31, 2009 · US-based Pitkin Petroleum Ltd. expects to sign an exploration contract with the Department of Energy (DOE) within the week for the development of the Mindoro-Cuyo Basin Block 2 under the ... WebNov 20, 2012 · MANILA, Philippines - Pitkin Petroleum Plc., an affiliate of Philex Petroleum Corp., has earmarked around $10 million for an exploratory drilling in Mindoro next year. tipton tribune online
Karoon in dispute with Peru partner over second offshore well
WebJan 28, 2024 · Karoon’s wholly owned subsidiary, KEI (Peru Z‐38) Sucursal del Peru, owns a 40% operating equity interest in the Blocks with Tullow Oil Limited holding 35% and Pitkin Petroleum holding the remaining 25% equity interest. Note the prospective resources were prepared as at 7 May 2024 on a probabilistic basis. WebSep 17, 2024 · Pitkin Petroleum Limited (PPL), a subsidiary of Pangilinan-led PXP Energy Corporation, has entered into a ‘settlement agreement’ with the subsidiary corporate-entity of its Australian partner Karoon Energy Ltd. paving the way for the resolution of their dispute over a petroleum exploration concession in Peru. PXP Energy Logo. In a ... WebJun 29, 2009 · Philex Mining Corp., the country’s largest copper and gold mining firm, announced the discovery of a major oil and gas field by its affiliate Pitkin Petroleum Plc in offshore Vietnam. tipton tribune classifieds ad