PNOC Exploration Corporation

Address: Bldg. 1, Energy Center, Rizal Drive
Supervising Agency: Department of Energy (DOE)
Parent GOCC: Philippine National Oil Company
GOCC Type: Non-chartered GOCC
History

PNOC Exploration Corporation is the upstream oil, gas, and coal subsidiary of the state-owned Philippine National Oil Company. A government-owned and controlled corporation, the Company was incorporated on 20 April 1976 and is mandated by the government through the Department of Energy (DOE) to take the lead in exploration, development, and production of the country’s oil, gas, and coal resources.

At present, PNOC EC has eight (8) petroleum Service Contracts (SCs), namely: SC 37 (Cagayan), SC 38 (Malampaya), SC 57 (Calamian), SC 58 (West Calamian), SC 59 (West Balabac), SC 63 (East Sabina), SC 74 (Northwest Palawan) and SC 75 (Northwest Palawan). The Company is the operator in SC 37, SC 57, and SC 59 and an active partner in SC 38, SC 58, SC 63, SC 74, and SC 75.

PNOC EC used to operate the very first natural gas facility in the country, the San Antonio Gas Power Plant within SC 37 before joining the Malampaya consortium (SC 38) in 1999 with a 10% stake. Malampaya is the country’s single biggest investment of its kind. PNOC EC also holds four (4) Coal Operating Contracts (COCs), namely: COC 41 (Malangas), COC 122 (Isabela), COC 185 (Buug-Malangas), and COC 186 (Imelda-Malangas). As part of its coal business, the Company also trades coal through its coal terminal located in Malangas, Zamboanga Sibugay.

PNOC EC used to operate the Energy Supply Base in Mabini, Batangas which provided berthing, cargo handling, storage, and warehousing facilities to its energy and commercial clients. However, on January 1, 2018, PNOC took over the operations of ESB from PNOC EC.

PNOC EC Head Office is located at Building 1, Energy Center, Rizal Drive, Bonifacio Global City, Taguig City, 1634.

SOURCE: http://www.pnoc-ec.com.ph/profile/

Mission

We are an enterprise, whose core business is energy exploration and production. Our work is performed by a corps of dynamic, highly competent and motivated personnel, and is anchored on the pillars of economic viability, environmental sustainability and social responsibility. We are committed to the furtherance of the national objective of energy self-reliance through exemplary performance in all our undertakings.

Vision

We will be the leading energy exploration and production company in the Philippines by 2030 with global reach and the partner of choice in exploration and production contributing to the country’s growth and development.

Core Values

Integrity. We strictly adhere to ethical and moral standards of fairness, honesty, and accountability in all our undertakings.

Professional Excellence. We perform all our undertakings in an exemplary manner by adhering to the highest standards of competence, commitment, dependability, and responsibility.

Teamwork. We work together harmoniously toward common goals.

Loyalty. We are loyal to the company and its mission, based on a system of meritocracy and fairness.

Patriotism. We place the interest of the country above all else in all our endeavors and undertakings and are committed to the national objective of energy self-reliance.

Disclaimer: All data presented above are submitted and provided by the respective GOCC as of under GCG Memorandum Circular 2014-02.
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Enabling Law
    Articles of Incorporation and By-Laws
    Disclaimer: All data presented above are submitted and provided by the respective GOCC as of under GCG Memorandum Circular 2014-02.
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    Updated as of 21 November 2024
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    Disclaimer: All data presented above are submitted and provided by the respective GOCC to the Commission on Audit (COA).