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The Company

The Philodrill Corporation was incorporated in 1969 as an oil exploration company with the name Philippine Overseas Drilling and Oil Development Corporation. The company is one of the pioneers in the Philippine oil exploration industry and remains one of the most active.  Early in its long history, the company saw its successful participation in the drilling of several oil discoveries in the offshore Palawan area, the revenues from which fueled the company’s steady growth and profitably through the 70’s and the early 80’s. more info ...

Petroleum Updates (15 December 2016)

Production from the Galoc Field continues, currently averaging 4,700 barrels of oil per day.  For the first eleven months of the year, the field produced about 1,728,680 barrels which is consistent with the full-year production forecast of 1.897 million barrels for 2016.more info

Corporate Social Responsibility

"To improve the lives of the people by creating employment, generating revenues for the government at the same time protecting the environment."

Corporate Social Responsibility

AS part of our continuing efforts to uplift the quality of education in our country, the company donated the installation of the roof on the activity field of Our Lady of Lourdes Academy in San Jose del Monte, Bulacan.more info ...

ANNUAL STOCKHOLDERS' MEETING
June 21, 2017 - 2:30PM
The Legend Villas, Pioneer St.,
Mandaluyong City

 

Latest Disclosures

February 2017

Service Contract Areas

  • SC6A - Octon Area
  • SC6B - Bonita Block
  • SC14A - Nido
  • SC14B - Matinloc
  • SC14B1 - North Matinloc
  • SC14C1 - Galoc
  • SC14C2 - West Linapacan
  • SC14D - Retention Block
  • SC74 - Linapacan
  • Tara Block
  • SC53 - Onshore Mindoro
  • Swan Block
  • Sulu Sea - formerly SC41

For more information on these blocks, go to News / Updates Section of this website

For participating interests of these service contracts, please click here.