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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 mainly on its principal properties - service contracts (SCs) and geophysical survey and exploration contracts (GSECs) which are owned by the state.

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

As of end-2019, OPM and LOGPOCOR have participating interests in SC 14 which is composed of four blocks, namely, Block A - Nido, Block B - Matinloc and North Matinloc, Block C - Galoc & West Linapacan, and Block D. Of these blocks, only West Linapacan and Block D are non-producing areas. West Linapacan is currently under evaluation for re-activation after it was shut-in in 1991 due to water intrusion, while Block D is designated as the retention block. The Company and LOGPOCOR also have participating interests in SC 6 in Bonita.

Source: SEC Form 17-A (2019)
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
Telephone Number 633-7631 loc. 278 / 281; 637-1670 loc. 277 / 279
Fax Number 395-2586