MANILA, Philippines -- A Filipino businessman says delays in his company's oil and gas exploration at a South China Sea reef claimed by China and the Philippines can be overcome if an international operator joins the project.
Manuel Pangilinan said Thursday his group has asked state-owned China National Offshore Oil Corp., a potential partner, to allow an international operator to join to skirt the sovereignty question.
Pangilinan is chairman of Philex Petroleum Corp., majority owner of London-based Forum Energy PLC, the contractor.
Source: http://www.mercedsunstar.com/2013/01/17/2762533/filipino-firm-eyes-partner-in.html
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