Forum Energy, the UK oil and gas exploration and production company, has confirmed that the Philippine Department of Energy has granted the company’s request for an extension to the second sub-phase of Service Contract 72 (SC72).
The deadline for completion of the second sub-phase, comprising the drilling of two appraisal wells, has now been extended by one year to 15 August 2016.
Further details regarding the company's plans for SC72 will be made in due course.
Adapted from press release by Katie Woodward