PH launches first BARMM conventional energy bidding

Applications were also received for the 2024 Philippine Bid Round.

The Philippines’ Department of Energy (DOE) and the Ministry of Environment, Natural Resources, and Energy (MENRE) has opened the first round of the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) Conventional Energy Bid.

In a statement, DOE said it received three applications under this. These are one each for PDA-BP-1 (Cotabato Basin), PDA-BP-2 (Sulu Sea Basin), and PDA-BP-3 (Sulu Sea Basin). All applications were deemed qualified for further substantive evaluation following an initial completeness check.

The department also opened the 2024 Philippine Bid Round, wherein five applications for service contracts for native hydrogen exploration in Central Luzon were received. Of these, three are for PDA-PH-1, and two are for PDA-PH-2. 

DOE said these passed the completeness check and are eligible for further substantive evaluation. Meanwhile, an application for PDA-PD-2 (Alegria Field) was disqualified due to incomplete documentation.

A comprehensive legal, technical, and financial evaluation of all eligible applications will be conducted in the fourth quarter of 2024. The top-ranked applicants will be recommended to the president for contract approval and signing.