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EXPLORATION

Sacgasco simplifies Philippine JV 

SACGASCO has taken an additional 15% share of Philippine block SC54 as the partners prepare to drill prospects Nandino and Cadlao in the offshore Palawan Basin, after selling a 12.5% share in December. 

Helen Clark
Sacgasco simplifies Philippine JV 

It sold the stake to Blue Sky Resources and also a farmout of 36.25% for a two-for-one carry. After the deals it now holds 51.25% and Blue Sky 48.75%.    It takes the new 15% share via its subsidiary...

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