Sampaguita gas drilling will ‘forcefully claim’ PH’s rights to WPS – Solon
MANILA, Philippines – Drilling on the Sampaguita gas field will show the Philippines’ determination to enforce its rights to Recto Bank, Johnny Pimentel, representative of Surigao del Sur, said in a statement on Monday.
Pimentel, who chairs the House Committee on Strategic Intelligence, made the remark following a poll that showed eight in 10 Filipinos would like the next president to assert the country’s rights to the West Philippine Sea (WPS) .
“We are counting on Forum Energy Ltd.’s offshore drilling in Sampaguita to demonstrate the Philippines’ commitment to upholding their undivided rights to Recto Bank’s vast petroleum resources,” Pimentel said.
âIn fact, so soon we want Forum to contract the drill ship for Sampaguita,â he added.
Pimentel stressed that under the law “all private contractors of government petroleum services, including Forum, are required to make maximum efforts to discover and produce gas and / or oil as soon as possible. “.
âWe need Sampaguita to be developed immediately to ensure the country’s long-term energy security, given that Malampaya will run out of gas by 2027,â Pimentel said.
Earlier, he said the Philippines had “no choice” but to drill at Recto Bank, regardless of lingering tensions with China in the disputed waters.
Pimentel said the Sampaguita gas field could earn up to $ 18.2 billion (910 billion pesos) in royalties to the government, based on a 60% net share.
Solon: PH has “no other choice” but to continue gas drilling activities at Recto Bank
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