Company Overview

PXP Energy Corporation is an upstream oil and gas company incorporated in the Philippines on December 27, 2007 and listed on the second board of the Philippine Stock Exchange on September 12, 2011. The company was previously known as Philex Petroleum Corporation.

Business Operations

The company is engaged in businesses related to all kinds of petroleum and petroleum products, mineral oils, and other sources of energy, and operates through two segments: oil and gas activities and coal mining activities. The company is primarily involved in the exploration and maturation of local and international hydrocarbon resources.

Portfolio and Geographic Presence

The company has interests in various petroleum service contracts in the Philippines and Peru held directly and through its major subsidiaries, Pitkin Petroleum Limited and Forum Energy Limited. The company’s direct interest in Philippine petroleum service contracts includes a 50% operating interest in SC 75 located in Northwest Palawan, a 70% operating interest in SC 74 Linapacan Block and a 5.56% interest in SC 6A Octon, all located in Northwest Palawan.

Forum Energy Limited is engaged in the business of oil and gas exploration and production, with a focus on the Philippines. Pitkin Petroleum Limited is an international upstream oil and gas company focused on Tertiary basins primarily in the Pacific Rim region, with operations in Peru and the Philippines.

Strategic Focus

The company continues to pursue exploration opportunities across multiple Philippine petroleum blocks and maintains joint ventures with international partners to develop domestic hydrocarbon resources while expanding its footprint in international markets through its subsidiary operations.