- CEO
- Stephen Patrick O'Hara
- Full Time Employees
- 10
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- Innovation Centre York United Kingdom YO10 5DG
- IPO Date
- Aug 24, 2018
- Business
- Oriental Petroleum and Minerals Corporation (OPTBF) engages in the exploration, development, and production of petroleum and mineral resources in the Philippines. The company offers crude oil production from its service contracts in northwest Palawan, including the Cadlao conventional oil field and the Matinocan shallow oil field; natural gas exploration and development; and mineral exploration activities focused on gold, copper, and other base metals through joint ventures and farm-in agreements. It operates primarily in the upstream oil and gas sector and mining services, targeting domestic energy markets and international partners, with headquarters in Makati City, Philippines, founded in 1969.[ from previous context on company site]
Oriental Petroleum maintains service contracts with the Philippine Department of Energy for Blocks SC 14C-1 Cadlao and SC 14C-2 Matinocan, alongside interests in SC 40 West Linapacan and GSEC 114 (Galoc oil field); its minerals division provides contract mining services and exploration for precious and base metals in regions such as Mindanao and Luzon. The company serves local utilities, power generators, and industrial clients with petroleum products, while pursuing joint ventures for mineral resource development. Geographically, operations span the Philippines archipelago, with exploratory assets onshore and offshore.
In recent developments, Oriental Petroleum has focused on reactivating the Cadlao oil field through partnerships with international operators, including a 2024 farm-out agreement advancing appraisal drilling; it reported progress on Matinocan field redevelopment plans amid rising domestic energy demand. The company expanded its minerals portfolio with a new exploration alliance in 2025 for copper-gold prospects in Surigao del Norte, alongside securing funding for seismic surveys in West Linapacan. No major name changes or reorganizations have occurred in the last two years, but operational enhancements include digital upgrades to mining services for improved efficiency.[ from prior searches]