Israeli firm Ratio Petroleum Ltd. is seeking the approval of the Department of Energy (DOE) for an expansion of the service area that it shall be exploring for oil and gas in East Palawan basin. For the company’s awarded petroleum service contract (PSC) that was signed by President Rodrigo Duterte in October 2018, Energy Secretary Alfonso G. Cusi told reporters that Ratio wants the size of its exploration block to be doubled. “For the specified area, they (Ratio Petroleum) want to double it. That’s still under discussion and they are proceeding with their project,” the energy chief said.
