DOE, China firm declare Alegria oil field commercially viable

ENERGY Secretary Alfonso Cusi and a Chinese company have jointly declared an oil field in Alegria town in southern Cebu to be commercially viable, with reserves of oil and natural gas that could last until 2037.

The Department of Energy (DOE) and service contractor China International Mining Petroleum Company Limited (CIMP) Company Limited signed on Wednesday, March 14, a Joint Declaration of Commerciality (JDC).

Mga Komento