One thing I noticed about the Malampaya Oil and Gas Project is that they rarely mention how much share the Philippines really gets from that project. Now this article from the Manila Times says it is only T-E-N (10) percent, which is probably why it almost never gets mentioned.
The Philippines reportedly already received Usd 10 billion in revenues as of 2018, meaning that the European Operators already got the majority of the revenues which is Usd 90 billion.
I remember reading another article before that said that the Operators invested the money for the equipment and operation of the project which is why they got more of the share, but come on, 90% is way too much.
On the other hand, China recent news reports said that they are reportedly offering not only a higher share than what we got from Malampaya, but also the Majority of the share also at 60% for joint exploration deals in the South China Sea (SCS).
So if the venture generates Usd 100 billion in revenues just like Malampaya, we will get Usd 60 billion.
SOURCE: PH, China and US: Joint Exploration vs Rearmament
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The Philippines reportedly already received Usd 10 billion in revenues as of 2018, meaning that the European Operators already got the majority of the revenues which is Usd 90 billion.
I remember reading another article before that said that the Operators invested the money for the equipment and operation of the project which is why they got more of the share, but come on, 90% is way too much.
On the other hand, China recent news reports said that they are reportedly offering not only a higher share than what we got from Malampaya, but also the Majority of the share also at 60% for joint exploration deals in the South China Sea (SCS).
So if the venture generates Usd 100 billion in revenues just like Malampaya, we will get Usd 60 billion.
SOURCE: PH, China and US: Joint Exploration vs Rearmament
Like my page on Facebook: https://www.facebook.com/philippinedefensebulletin
Follow me on Twitter: https://twitter.com/PhilDefNews
Subscribe to me on Blogger: https://therhk111philippinedefenseupdates.blogspot.com
Visit me on Wordpress: https://rhk111smilitaryandarmspage.wordpress.com
Watch my Youtube Channel: https://www.youtube.com/channel/UCPoTzGfu0iP9VPaQQ9EOjVQ/videos
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