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Oriental Petroleum and Minerals Corporation

Company Description
Oriental Petroleum and Minerals Corporation (OPM) was incorporated on December 22, 1969 with the purpose of exploring, developing and producing petroleum and mineral resources in the Philippines. As an exploration company, OPM's operational activities depend principally on its service contracts (SCs) with the government.

OPM's petroleum revenues and production and related expenses are derived from SC 14 Contract Area, which is composed of four blocks, namely, A (Nido), B (Matinloc), C (Galoc & West Linapacan) and D. Of these blocks, only blocks of Nido, Matinloc and Galoc are in operation. West Linapacan is currently under evaluation for re-activation after it was shut-in in 1991 due to water intrusion, and Block D is designated as the retention block.

OPM has three wholly-owned subsidiaries namely, Oriental Mahogany Woodworks, Inc., Linapacan Oil Gas and Power Corporation, and Oriental Land Corporation.

Source: SEC Form 17-A (2016)
Security Information
Sector Mining and Oil
Subsector Oil
Corporate Life 50
Incorporation Date Dec 22, 1969
Number of Directors 11
Stockholders' Meeting as per By-Laws Per By-Laws: May-last working day at 3 pm and not later than June - last working day; For 2011: 07 July 2011, Record Date: 18 May 2011, Circ. No. 4358-2011
Fiscal Year 12/31 (Month/Day)
External Auditor SyCip, Gorres, Velayo & Company
Transfer Agent Banco de Oro Unibank, Inc. - Trust Banking Group
Contact Information
Business Address 40/F c/o JG Summit, Robinson`s Equitable Tower, ADB Ave., Ortigas Center, Pasig City 1600
E-mail Address orientalpetroleum@digitelone.com
Telephone Number 633-7631 loc. 278 / 281; 637-1670 loc. 277 / 279
Fax Number 395-2586
Website http://www.opmc.com.ph