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 earmarks P6.7-billion capex for 4 new power projects

June 06, 2017
Capital spending of P6.7 billion for four new power projects will be on full swing this year for publicly listed PetroEnergy Resources Corporation (PERC) and its corporate project vehicles, according to company executives.
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PetroEnergy's wind power unit takes in Thailand-based BCPG as new partner

May 17, 2017
PetroEnergy Resources Corporation's (PetroEnergy's) wind power unit, PetroWind Energy Inc. (PWEI), the developer and operator of the 36MW Nabas-1 Wind Power Project (NWPP) welcomed its new investor, BCPG Public Company Ltd (BCPG). In a signing ceremony held on May 16, 2017, BCPG formalized the acquisition of the 40% stake of CapAsia Asean Wind Holdings Cooperatief U.A. (CapAsia) in PWEI.
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PetroEnergy 1Q, 2017 consolidated net income up by 300%

May 12, 2017
PetroEnergy Resources Corporation (PERC) posted a 327% increase in its consolidated net income of US$ 4.306MM in 1Q 2017 compared to US$ 1.009MM in the same period last year. The 4-fold surge was mainly due to higher electricity sales from the Company's renewable energy (RE) development and power generation assets and slightly higher crude oil revenues from the Gabon oil production.
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