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

ERC Renews COCs of Maibarara Power Facilities

January 10, 2019
The Energy Regulatory Commission (ERC) notified Maibarara Geothermal Inc. (MGI) on January 8, 2019 that its application for the renewal of the Certificate of Compliance (COC) for its 20-MW Unit 1 was approved by the Commission en banc on December 4, 2018.
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PetroEnergy Records 27% Earnings Growth

November 26, 2018
PetroEnergy Resources Corporation (PERC) reported a Consolidated Net Income as of September 30, 2018 amounting to US$9.77MM, a 27% increase from US$7.71MM for the same period in 2017.
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PETROSOLAR Secures BOI Registration FOR 20MWDC TARLAC-2 Solar Power Project

Sept 18, 2018
PetroSolar Corporation (PetroSolar) was awarded on September 17, 2018 a Certificate of Registration approved on September 7, 2018 by the Board of Investments (BOI) for the 20MWDC Tarlac-2 Solar Power Project (TSPP-2) located in Central Technopark, Tarlac City. PetroSolar, a joint venture of PetroGreen Energy Corporation (PGEC) and EEI Power Corporation, owns and operates the 50MWDC Tarlac-1 solar plant which started commercial operations in February 2016 as one of the early qualifiers in the government’s solar feed-in-tariff program. PGEC is the renewable energy holding unit of publicly-listed PetroEnergy Resources Corporation.
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