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Projects  /  Philippines

Philippines

SC 76

In October 2018, the Government of the Republic of the Philippines and Ratio Gibraltar entered into a Production Sharing Agreement, under which the Government granted Ratio Gibraltar rights to explore for oil in an offshore section of Philippines continental shelf, known as SC 76.

SC 76 covers approximately 4,160 sq km at water depths ranging between 900 and 1,700 meters.

Ratio Petroleum is the operator of SC 76 and holds 100% of the rights in the block.