Philex Petroleum in talks with CNOOC to drill oil wells in the South China Sea

Philex Petroleum in talks with CNOOC to drill oil wells in the South China Sea

A unit of Philippine firm Philex Petroleum is revisiting talks with Chinese state oil giant CNOOC to drill two oil wells in disputed waters in the South China Sea, its chairman Manuel Pangilinan said on the sidelines of the World Economic Forum on East Asia.
“We’re starting to renew our channels with CNOOC,” Mr Pangilinan told reporters after a WEF plenary session on the Philippines.
Clarification of News Report

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