Our Business

PetroEnergy Resources Corporation (PERC) is a publicly-listed Philippine energy company that holds a diversified business portfolio in upstream oil exploration, renewable energy development, and power generation.

Step 1<br />Describe your problem1

Upstream Oil Exploration

PERC's main oil asset, with four (4) producing fields, is located in Gabon, West Africa. Since its commercial production in 2002, it has produced 95.1 MMBO. PERC's five (5) oil assets in the Philippines are in advanced exploration and pre-development stages ( view map).
Step 2<br />Get our help and advise2

Renewable Energy Development

Recognizing opportunities in diversification, PERC set up a subsidiary – PetroGreen Energy Corporation (PGEC) – to invest in renewable energy development. Since its inception in 2010, PGEC managed to enter into joint venture partnerships for the development and operation of geothermal, wind, and solar power facilities.
Step 3<br />Increase your sales and profits3

Power Generation

PERC, through its subsidiaries, also ventured into power generation and electricity supply. PGEC's joint venture companies currently hold power purchase agreements and are members of the Philippine Electricity Market Corporation's Wholesale Electricity Spot Market (PEMC-WESM).

Recent News

ME Alumnus Attends NZ Geothermal Training

June 06, 2018
His interest in power plants and passion for learning led him to a great opportunity for professional and career advancement. Engr. John Carlo C. Juaneza, a Mechanical Engineering alumnus from Malayan Colleges Laguna (MCL), was among the 28 selected Indonesian and Filipino geothermal professionals to attend an extensive program in Geothermal Project Management at the University of Auckland in New Zealand, from March to April 2018. Carlo is currently a Power Plant Operations Supervisor in Maibarara Geothermal Inc. (MGI) in Sto. Tomas, Batangas.
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ERC Chair and CEO Agnes VST Devanadera awards the Certificate of Compliance (COC) of the 12 MW Maibarara Unit-2 Geothermal Power Plant (MGPP-2) to Maibarara Geothermal, Inc. (MGI) President Francisco G. Delfin, Jr. on May 8, 2018 at the ERC.

PetroEnergy Posts 44% Growth in 2017 Consolidated Net Income

April 18, 2018
Publicly-listed, PetroEnergy Resources Corporation (PERC) declared on Monday, a 2017 consolidated net income of US$ 8.46MM, a 44% increase from US$ 5.86MM in 2016. Net income attributed to equity holders of PERC also increased by 114% from US$ 1.77 in 2016 to US$ 3.79 in 2017.
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