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Philippine PXP Energy eager to resume South China Sea drilling

05:03 EDT 3 Aug 2017 | Yahoo News

By Enrico Dela Cruz MANILA (Reuters) - Philippine oil and gas firm PXP Energy Corp expressed eagerness on Thursday to resume exploration in the disputed South China Sea and said any joint venture development would likely involve a Chinese company. Chairman Manuel Pangilinan told reporters he was looking to discuss plans to resume PXP's stalled Reed Bank project in the hotly contested waterway with the Philippine government. "We should start doing that because all of the pronouncements that appear to have been made by both China and the Philippines are moving in a positive direction," he said.


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