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

PetroEnergy posts strong 180% profit growth in 1H 2017

August 18, 2017
Publicly-listed energy company, PetroEnergy Resources Corporation (PERC) reported a 180% increase in consolidated net income of US$6.55 MM in the first half of 2017 compared to US$2.34 MM in the same period last year. This translates to 401% increase in net income attributable to the equity holders of the Parent Company (PERC).
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PetroEnergy plans P1-B stock rights offer

July 28, 2017
MANILA, Philippines - PetroEnergy Resources Corp. (PERC) of the Yuchengco Group is looking to raise P1 billion through a stocks right offer to partly finance plans to double its renewable energy capacity in two years.
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PetroEnergy expects profit boost from renewable energy plants

July 27, 2017
PETROENERGY Resources Corp. expects net income this year to grow by 33% on higher electricity sales from renewable energy plants, including the Tarlac solar farm that is on its first full year of operation, company officials said.
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