Working for the future
We are the intrepid and daring people of Mindanao who have deep roots in Sultan Kudarat, Maguindanao, Davao City, Jolo, Cotabato City, Liguasan Marsh and North and South Cotabato. We are deeply committed using cutting edge technology to continue the efforts of our forefathers to commercially extract the vast oil and natural gas deposits in the so-called Cotabato Basin (CB). Once inaccessible to sustainable drilling operation, we opened up CB (Sultan Kudarat-Maguindanao-Liguasan Marsh-North and South Cotabato) once again to serious prospectors.
We are guided by the overwhelming support of the Sultans and Datus and their massive base without which we could never set foot in the CB. We are inspired by the strong encouragement of the political leadership and their constituents at all levels who rewarded us their full trust and confidence to effectively conduct drilling operation of oil and natural gas that were first discovered in Dalican, Datu Odin Sinsuat, Maguindanao in 1916 by the Bureau of Public Highways.
We would like to emulate the pioneering resolve of the Petroleum Geophysical International Corporation, an American firm that first conducted gravity and seismic surveys in Gansing (Bilumen), a barangay in Lambayong, Sultan Kudarat in 1959 – 1960 the results of which became the basis of the 1961 interim agreement between Maremco Mineral Corporation (concession owner) and Anglo Phil Oil Corporation.
We would continue, persevere and hopefully overcome the high pressure drilling difficulty encountered by the pioneering Anglo-Maremco Joint Venture operation in 1962 when they failed to drill beyond 4,000 feet in their 3 wells in the Gansing Prospect. We hope that with modern technology we could solve the drilling problems that frustrated the petroleum engineers who from 1962 – 1972 attempted to set-up exploration wells in Gansing, Lagao, Bambad, Pedtubo (Sultan Kudarat barangays) and the Roxas Mountain Range in South Cotabato using only pure guts and antiquated drilling equipment.
We are willing to welcome back and partner with exploration experts from all points of the compass like the Texas Oil Rangers of Shell USA who in 1980 were prevented to enter the CB. This same group transferred their sight to the Malampaya-Camago Gasfield in Palawan in 1990 and forged a Joint Operating Agreement (JOA) with Occidental Philippines to successfully extract 3.4 TCF of natural gas in the so-called Service Contract 38 in 1998 with its consortium partners Chevron-Texaco and the Philippine National Oil Company (PNOC).
We would continue the indomitable spirit of the senior geologists and petroleum engineers of PNOC with its exploration arm PNOC-Exploration Corporation (PNOC-EC) who in the 1980’s conducted seismic lines survey in the CB starting from Datu Piang (formerly Dulawan), Maguindanao to the Roxas mountain ranges of South Cotabato bypassing the Sultan Kudarat towns of Lambayong (Gansing, Lagao and Tukanakuden), Isulan (Bambad), Esperanza and President Quirino (Pedtubo), Sultan sa Barongis, Maguindanao and Tantangan, South Cotabato.
We would endeavor to accomplish the World Bank funded and Canadian government seismic program in 1992 complemented by geologic mapping of the CB. We give full assurance to all our exploration partners, investors and stakeholders that henceforth there would be no longer any untoward incident just like what Petronas of Malaysia and PNOC-EC exploration teams experienced in 1997 in Liguasan Marsh.
We will re-open the spudded Gansing wells capped by Anglo-Maremco in 1966 and the Tukanakuden gas well abandoned by PNOC-EC in 2002 in Barangay Caridad, Lambayong, Sultan Kudarat. We will explore again if necessarily but we will surely extract the oil and natural gas that were first discovered in CB more than a century ago. We will use the latest computer software to analyze the seismic lines and we will use modern technology to accurately pinpoint where to set-up our appraisal wells and production platform.
Our Almighty God who allowed us to see the wonders in Malampaya more than 20 years ago would allow us by faith to repeat the production of sufficient oil and natural gas starting in Lambayong, Sultan Kudarat up to the rest of the entire Cotabato basin. Our professional team of experts, geologists and petroleum engineers supported by top management are driven by our commitment to succeed in the next 3 years because beyond that the natural gas in Malampaya would be exhausted and with no replacement, the country would be importing expensive gas to power 5 generating plants in Luzon. We don’t want that to happen.
We are brave, courageous, gallant and daring. We are not afraid to venture into the unknown. We are not scared to step into territories other people consider inaccessible. We hold our own when we meet people others consider threatening. Taking risk is part of our job but we mitigate it with careful planning.