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.

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 108 MMBO. PERC also has petroleum assets in the Philippines, which are in advanced exploration and pre-development stages.

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.

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
PetroSolar enters PEZA Awards’ Hall of Fame
December 28, 2020
PetroSolar Corporation (PSC) was elevated to the Hall of Fame of PEZA Awards for winning the Outstanding Community Project Award for three consecutive years from 2017 to 2019. The awarding ceremony was held on December 10, 2020 in Pasay City.
PEZA cited the efforts of PSC in strengthening relationship with its partner communities, a total of 11 barangays in Hacienda Luisita, Tarlac City. PGEC Environmental and Community Relations Manager, Yrel V. Ventura, explains that PSC’s efforts focused on systematic approach to health, education, and livelihood programs, with the goal of building progressive and peaceful communities.
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PetroGroup Brings Honor and Prestige to the Country
October 2020
PetroEnergy Resources Corporaton (PERC) and its subsidiaries - PetroGreen Energy Corporation (PGEC), Maibarara Geothermal Inc. (MGI), PetroWind Energy Inc. (PWEI), and PetroSolar Corporation (PSC), proudly share these honor and recognition with its principals, shareholders, public and private partners, employees, host local government units and communities, and all its stakeholders.
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PetroWind is Among Asia’s Top Community Care Companies
October 1, 2020
The Yuchengco Group of Companies’ (YGC) PetroWind Energy Inc. (PWEI) was recognized as one of Top Community Care Companies in the 2020 Asia Corporate Excellence and Sustainability Awards (ACES) based in Kuala Lumpur. ACES Awards honor individuals and firms in Asia for corporate leadership and corporate social responsibility under several categories – sustainability, green initiative, green innovation, and community care, among others. ACES described PWEI as among those Asian companies who “have enriched the communities through various outreach initiatives and which epitomize the mission and values of an organization that…demonstrate exemplary active citizenship in promoting the wellbeing of society at large.”
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News Archive
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PetroSolar Clinched the SME Excellense in CSR in ASEAN Business Awards 2020
September, 2019 -
DOE Awards San Vicente Wind Energy Service Contract to PetroGreen
November 19, 2019 -
PetroSolar to Represent the Philippines in the ASEAN Business Awards 2019 in Thailand
October 21, 2019 -
PetroEnergy Wins in the 17th Philippine Quill Awards
September 10, 2019 -
Mapua and PetroEnergy Launch International Program on Renewable Energy Education
July 10, 2019 -
PetroSolar Sweeps PEZA Outstanding Community Awards for 3 Consecutive Years
May 29, 2019 -
Tarlac-2 Solar Plant Starts Export of Power to Luzon Grid
April 23, 2019 -
PetroEnergy Achieves Hefty 2018 Net Income
April 22, 2019 -
Trina Solar Delivers Panels to Tarlac-2 Solar Farm in the Philippines
February 18, 2019 -
ERC Renews COCs of Maibarara Power Facilities
January 10, 2019 -
PetroEnergy Records 27% Earnings Growth
November 26, 2018 -
PETROSOLAR Secures BOI Registration FOR 20MWDC TARLAC-2 Solar Power Project
Sept 18, 2018 -
ME Alumnus Attends NZ Geothermal Training
June 06, 2018 -
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
May 23, 2018 -
PetroEnergy Posts 44% Growth in 2017 Consolidated Net Income
April 18, 2018 -
PSC gets PEZA award
April 16, 2018 -
Maibarara-2 Starts Exporting Power to the Luzon Grid
March 12, 2018 -
PetroEnergy’s Wind Unit Hits 250 GWh Milestone
January 09, 2018 -
MGI Completes Critical WESM and Grid Connection Requirements for 12 MW Maibarara-2
December 12, 2017 -
PetroEnergy Unit Reaches 1 Billion kWh RE Generation Milestone
December 05, 2017 -
PetroEnergy 3Q 2017 net income increased by 103%
November 10, 2017 -
Maibarara-1 Geothermal Plant Reaches 600 GWh Generation Mark
November 10, 2017 -
Two PetroEnergy Power Plants Get International Awards
September 28, 2017 -
PetroEnergy posts strong 180% profit growth in 1H 2017
August 18, 2017 -
PetroEnergy plans P1-B stock rights offer
July 28, 2017 -
PetroEnergy expects profit boost from renewable energy plants
July 27, 2017 -
PetroEnergy earmarks P6.7-billion capex for 4 new power projects
June 06, 2017 -
PetroEnergy's wind power unit takes in Thailand-based BCPG as new partner
May 17, 2017 -
PetroEnergy 1Q, 2017 consolidated net income up by 300%
May 12, 2017 -
Lourdes Elementary School (LES) Kinder Classroom Groundbreaking Ceremony
March 7, 2017 -
PetroSolar Corporation Continues its Educational Assistance Project in Tarlac City
January 11, 2017 -
Maibarara Geothermal Inc. (MGI) held a ceremonial groundbreaking for its 12 MW Maibarara-2 Geothermal Power Facility (MGPF) in Sto. Tomas, Batangas.
October 27, 2016 -
20 MW Maibarara-1 Facility is Asia's Geothermal Power Project of the Year
September 24, 2016 -
PetroEnergy Solar Unit Secures COC-FIT from ERC
July 14, 2016 -
PetroSolar Corporation Secures ERC PAO-FIT Approval, Signs REPA with Transco
April 28, 2016 -
50 MW TARLAC SOLAR POWER PROJECT SECURES COE-FIT
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BIGGEST PHILIPPINE SOLAR PLANT TO-DATE STARTS POWER EXPORT TO LUZON GRID
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PETROWIND'S 36 MW NABAS-1 WIND PROJECT REPA TAKES EFFECT
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PETROWIND'S 50 MW NABAS WIND PROJECT GETS ERC APPROVALS
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TWO PETROENERGY POWER PROJECTS DECLARED COMMERCIAL
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PETROWIND'S 50 MW NABAS WIND PROJECT GETS ERC APPROVALS
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MGI PROVES STEAM SUPPLY FOR 10MW EXPANSION
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PETROENERGY SELLS ITS 10% INTEREST IN PETROGREEN ENERGY CORPORATION
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PETROENERGY'S STAKE IN WEST LINAPACAN SERVICE CONTRACT NOW AT 4%
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PETROGREEN SIGNS SOLAR RENEWABLE ENERGY CONTRACT WITH THE DOE
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NABAS WIND POWER PROJECT SUCCESSFULLY DISPATCHES POWER TO THE VISAYAS GRID
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MGI, TRANS-ASIA, AND MERALCO PARTNER IN GEOTHERMAL INTERCONNECTION PROJECT
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PETROENERGY CELEBRATES ITS 10TH LISTING ANNIVERSARY
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20 MW MAIBARARA GEOTHERMAL POWER PROJECT
November 5, 2014 -
50 MW NABAS WIND POWER PROJECT
November 4, 2014 -
20 MW MAIBARARA GEOTHERMAL POWER PROJECT STARTS COMMERCIAL OPERATIONS
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PETROENERGY'S 50 MW NABAS WIND PROJECT GETS FIT PRE-QUALIFICATION
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MGI COMPLETES 3RD PRODUCTION WELL AHEAD OF SCHEDULE
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MGI COMPLETES DRILLING PROGRAM FOR 20 MW GEOTHERMAL POWER PROJECT
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PETROENERGY UNIT SIGNS TRANSMISSION LINE CONSTRUCTION DEAL WITH AKELCO
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ERC APPROVES MAIBARARA COC
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PETROENERGY'S 50 MW NABAS WIND PROJECT GETS FIT PRE-QUALIFICATION