FRONTIER Oil Corp. (FOC) has taken control of the exploration block in the Visayan Basin covered by Service Contract (SC) 69, FOC Chief Executive Kris Fellowes said on Monday.

FOC has raised its equity holding in SC 69 from 15 percent to 50 percent and is now the operator of the exploration block in the offshore section of the contract site.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details