Philippines
About PetroEnergy Resources Corporation
PetroEnergy Resources Corporation is a diversified energy company engaged in upstream oil exploration, development, and power generation. Headquartered in Pasig City, Philippines, the company operates as a subsidiary of the Yuchengco Group of Companies.
Business Segments
- Oil Production: Focuses on oil and mineral exploration, development, and production.
- Geothermal Energy: Develops and operates geothermal steamfields and power plants.
- Solar Energy: Manages solar energy operations.
- Wind Energy: Engages in wind energy operations.
- Other Activities: Includes research and investment initiatives.
Key Projects
- Oil Properties: Located in the Philippines and Gabon.
- Geothermal Power: 20 MW Maibarara project (Batangas) and 12 MW expansion (MGPP-2).
- Solar Power: 50 MW Tarlac project and 20 MWDC expansion (Tarlac City).
- Wind Power: 36 MW Nabas project and 13.2 MW expansion (Aklan).
Corporate Background
Originally incorporated in 1994 as Petrotech Consultants, Inc., the company rebranded as PetroEnergy Resources Corporation in 1997. Today, it remains a key player in the Philippine energy sector.