PXP Energy Corporation, an upstream petroleum company chaired by business tycoon Manuel V. Pangilinan, will be renewing its coordination with the government on its plan to resume oil and gas exploration activities within offshore Palawan basin — including that of the diplomatically-saddled Recto Bank.
The company said it is targeting to re-commence seismic survey as well as planned well drilling programs at its petroleum blocks covered by Service Contract 72 (Recto Bank) at the West Philippine Sea; and Service Contract 75 which straddles Northwest Palawan basin.
