Announcement:

Date of Stockholders Meeting : July 25, 2019

Time: 1:30 PM

Venue: Rooms 526-528 YIAS, Level 5, Podium 4, RCBC Plaza Building, 6819 cor. Ayala and Sen. Gil J. Puyat Avenue, Makati City


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

PetroSolar Sweeps PEZA Outstanding Community Awards for 3 Consecutive Years

May 29, 2019
For the 3rd year in a row, PetroSolar Corporation (owner and developer of 70 MW Tarlac Solar Power Plant) located in Central Technopark, Tarlac City is the recipient of PEZA Community Awards. This is the 3rd year in a row that PEZA awarded PetroSolar with the prestigious award. The award was handed by DND Secretary Delfin Lorenzana last May 29, 2019 during the Annual PEZA Investors Night in World Trade Center, Pasay City.
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Tarlac-2 Solar Plant Starts Export of Power to Luzon Grid

April 23, 2019
PetroSolar Corporation’s (PetroSolar) 20MWDC Tarlac-2 Solar Power Project (TSPP-2) commenced exporting power to the Luzon grid on 22 April 2019 as part of the facility’s commissioning tests.
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PetroEnergy Achieves Hefty 2018 Net Income

April 22, 2019
PetroEnergy Resources Corporation (PERC) and its subsidiaries posted a consolidated net income of Php 695 Million in 2018 driven largely by the following: 1) additional revenues from its 12 MW Maibarara-2 geothermal plant which went on commercial operations on April 30, 2018, 2) record generation from the Nabas wind plant due to very high capacity factors in the first and third quarters of last year, and 3) a 20% increase in oil revenues due to the strengthening of global crude oil price from US$ 53.20/bbl in 2017 to US$ 70.10/bbl in 2018.
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