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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 hydrocarbons offshore the coast of Palawan in an area known as SC 76.

SC 76 covers approximately 6,480 sq km in water depths ranging between 900 and 1,700 meters.

Ratio Petroleum Works to further consolidate and increase its holdings in the east Palawan basin.

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