The Department of Energy (DOE) will open the pilot Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) Conventional Energy Bid Round for Petroleum, alongside the 2024 Philippine Bid Round on August 27.
This will cover three Predetermined Areas (PDAs) for petroleum exploration within BARMM, two for petroleum development and production, and two for native hydrogen exploration—signaling the world’s first-ever offering for native hydrogen exploration.
“This milestone represents a significant leap forward for the country’s upstream petroleum Industry,” said Energy Undersecretary Alessandro Sales.
On February 26, the DOE and the Ministry of Environment, Natural Resources, and Energy (MENRE) launched the 1st Conventional Energy Bid Round for BARMM alongside the 2024 Philippine Energy Bid Round.
The launch presented a diverse array of opportunities: four PDAs for exploring and developing BARMM’s indigenous resources, two PDAs focused on petroleum in Northern Palawan and Southern Cebu, and a groundbreaking offering of two PDAs for native hydrogen exploration in Central Luzon, marking a historic first in this area.
Furthermore, the DOE intends to capitalize on and use stranded petroleum deposits in the Calauit Field in Northwest Palawan and the Alegria Field in Cebu.
All accepted application documents will first undergo a completeness review to ensure they meet the requirements for further legal, technical, and financial assessments. Submissions are due by 11:00 AM on August 27.
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