Philippines’ Department of Energy visits UAE to find strategic partners for oil exploration

The Philippine Embassy in Abu Dhabi, in cooperation and coordination with Deparment of Energy (DoE) from the Philippines, has conducted a roadshow across the UAE during the delegation’s visit to the country to promote opportunities in the energy sector for Emirati investors.

DoE Assistant Secretary Atty. Caron Aicitel E. Lascano led the six-member delegation from the Philippines with their agenda: “Explore, Explore, Explore” as they conducted a roadshow across three emirates: Abu Dhabi, Dubai, and Sharjah titled the ‘Philippine Conventional Energy Contracting Program’ (PCECP) from September 22 to 26, 2019.

Philippine Ambassador to the United Arab Emirates Hjayceelyn M. Quintana joined the DOE delegation in encouraging investors in the energy sector to partner with the Philippines, offering attractive terms, incentives and service contracts with the government.

Philippine Ambassador to the UAE Hjayceelyn M. Quintana (third from left) and DOE Assistant Secretary Lascano (second from left), together with other members of the delegation present PCECP to Mr. Stefan Marelid (rightmost), Chief Investment Officer of Abu Dhabi Investment Council. Photo from the Philippine Embassy in Abu Dhabi.

The PCECP Roadshow aims to provide energy security and sustainability in the country by looking for investors interested in oil and gas exploration in pre-determined and unexplored areas in the Philippines.

This roadshow marks a first for the DoE in the Gulf and Middle East region in their efforts to promote petroleum exploration.

During their visit, the delegation met with the Abu Dhabi Investment Council (ADIC), Abu Dhabi Chamber of Commerce and Industry, Sharjah Chamber of Commerce and Industry, and a number of big industry players with offices in the UAE. The London- based Energy Institute (EI), with Middle East office in Dubai, arranged the meetings.

Staff Report

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