The Department of Energy (DoE) is sounding out potential bidders for a service contract allowing to explore for potential offshore petroleum resources in the Bicol shelf.
In a notice posted on its website, the DoE said interested parties can challenge for a nominated area spanning 1.5 million hectares within the Bicol Shelf Basin, which lies north of Camarines Norte, encompassing Polillo Island, with an upper bound somewhere north of Casiguran, Aurora.
Challengers may submit documents to participate in the bidding until May 18, with bids to be opened the same day.
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