Pangilinan-led PXP Energy Corp. announced on Wednesday that a unit of UK-based Tullow Oil plc has signed up as a new partner in an offshore drilling project in Peru between an Australian energy company and PXP unit Pitkin Petroleum Ltd. (PPL).
PXP told the Philippine Stock Exchange that Karoon Gas Australia Ltd. (KAR) has sealed a partnership with Tullow Peru Ltd. to help fund the exploration venture in Block Z-38 in the Tumbes Basin in Peru.
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