Subsidiaries
PNOC Exploration Corporation

(Updated July 6, 2017)

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. The Company was listed in the Makati Stock Exchange and the Manila Stock Exchange in 1976 and 1977, respectively.

At present, PNOC EC has seven (7) petroleum Service Contracts (SCs), namely: SC 37 (Cagayan Basin), SC 75 (Northwest Palawan), SC 57 (Calamian), SC 58 (West Calamian), SC 59 (West Balabac), SC 74 (Northwest Palawan) and SC 63 (East Sabina). The Company is the operator in SC 37, and SC 63 and a non-operating partner in SC 38, SC 57, SC 58 and SC 59.

PNOC EC also holds five (5) Coal Operating Contracts (COCs), namely: COC 41 (Malangas), COC 184 (Agusan del Sur), COC 185 (Zamboanga Sibugay), COC 122 (Isabela),  and COC 186 (Zamboanga Sibugay). As part of its coal business, the company also trades coal from other sources through its coal terminal located in Malangas.

The company likewise owns and operates a private commercial port – the Energy Supply Base (ESB) – in Mabini, Batangas which provides berthing, cargo handling, storage and warehousing facilities to its clients.

NATURE OF OPERATIONS:

Exploration, development, utilization, and marketing of oil and gas and other viable energy resources.

DATE OF INCORPORATION:

April 20, 1976

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.

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.

VALUES

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.

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

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.

BOARD OF DIRECTORS:

Chairman
                Gemiliano C. Lopez, Jr.


President and CEO
Pedro A. Aquino, Jr.

Members:

                Fernando V. Barreiro
                Joseph L. Emnas
                Carlo Magno D Aldevera
                Oscar H Rabena
                Johnny L Tuason
                Karl Ignatius P Young
               

 

EXECUTIVE OFFICERS:

             President and CEO
             Pedro A. Aquino, Jr.
 

Vice President for Upstream Operations Division
Raymundo B. Savella
   

             Vice President for Management Services Division
             Lourdes S. Gelacio
   

             Vice President for Corporate Services
             Maria Luthgarda M. Lacaba


             Vice President for
Downstream Operations Division            
             Candido M. Magsombol


             General Counsel
(concurrently functions as Corporate Secretary and Compliance Officer)
             Datu Omar S. Sinsuat