Fourth Philippine Energy Contracting Round (PECR 4) 2011
The upcoming License Round in the Philippines seems to be a perfect match for XaitPorter. XaitPorter is a proven software for license round applications and is the standard in the Norwegian Licensing Rounds. XaitPorter has also been used widespread in the UK Licensing Rounds and for other License rounds such as in Greenland, Faroe Islands, Ireland and Ghana to mention a few. With close to 100% of the License Round applications being produced in Norway, Xait is looking with interest at Fourth Philippine Energy Contracting Round (PECR 4) 2011. Xait already serves several multinationals in South East Asia, and are position for growth in this area.
The Philippine Department of Energy (DOE) has conducted roadshows of the Philippine Energy Contracting Round (PECR 4). PECR 4 forms part of President Aquino’s long-term plans to address Philippines’ need for oil and gas and reduce dependence on imported oil. It provides for transparent and competitive system of tendering onshore and offshore oil and gas blocks for exploration to interested oil and gas companies. Under this process, the DOE determines the winning bidders based on specific technical, legal and financial criteria. The President of the Philippines then awards service contracts pursuant to the mandate of the 1987 Philippine Constitution and Presidential Decree No. 87, otherwise known as “The Oil Exploration and Development Act of 1972.”
The process of how the DOE determines winning bids is very similar to i.e. Norwegian and UK authorities criteria for selection, which also in based on specific technical, legal and financial criteria. With such a large team working together on a complex document with many graphical illustrations, XaitPorter is the perfect software for the job.