President Duterte Inaugurates Alegria Oil Field
President Rodrigo Duterte kicked-off the opening of the Alegria Oil Field Polyard in Alegria, Cebu on May 19, 2018. He also led the ceremonial valve opening for oil and gas upon his arrival.
In his speech, he said that the oil field may generate more job opportunities and income for Filipinos. The president urged the proper planning of urban development in Alegria because it may attract more people in the growing economy in the municipality.
“Prepare for an expansive human and economic development. Madaghan na,” Duterte said.
“So prepare for that… and do not forget your fellowmen,” he added. “You have to spend the money locally — infrastructure, improve the living conditions, getting somebody into a gainful employment tanan-tanan,” Duterte also said in his speech.
The said oil field holds over 27 million barrels of oil and over 9 billion cubic feet of natural gas. The total area of the oil field is 197,000 hectares and 42,799 hectares for production of oil and gas. The oil field is expected to hold up until 2037.
China Mining Petroleum Ltd. is currently operating the oil field with their partners Skywealth Group Holdings Ltd. and Phil-Mal Energy International Inc. in a US $30.80 million investment. (Aljun Cainghog/DOE)
