Pitkin Petroleum Plc



Pitkin Petroleum is a UK-registered upstream oil and gas company with operations in the Philippines and Peru. Pitkin Petroleum has a 25% interest in Block Z-38 in the Tumbes basin offshore northwest Peru. A number of seismic surveys have been carried out over the block including a 1,500 square kilometer 3D seismic survey completed in 2010. The block license is currently in the third exploration period and preparations are currently underway for drilling subject to rig availability. In the Philippines, Pitkin Petroleum has a 35% interest in Service Contract 53 in Mindoro and a 70% interest in SC 74 NW Palawan.Pitkin's website can be accessed here: http://www.pitkinpetroleum.com

Sector: Oil & Energy

Website: http://www.philexpetroleum.com.ph/index.php?option=com_content&view=article&id=30&Itemid=22

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