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The Company

The Philodrill Corporation was incorporated in 1969 as an oil exploration company with the name Philippine Overseas Drilling and Oil Development Corporation. The company is one of the pioneers in the Philippine oil exploration industry and remains one of the most active.  Early in its long history, the company saw its successful participation in the drilling of several oil discoveries in the offshore Palawan area, the revenues from which fueled the company’s steady growth and profitably through the 70’s and the early 80’s. more info ...

Petroleum Updates (as of 15 July 2019)


  • Successful plug and abandonment operations on 7 of the 9-well P&A program in Nido, Matinloc and North Matinloc fields
  • Condensate recovery from Galoc production targeted to commence in October  2019
  • Farm-out of some of Philodrill’s service contracts are actively being pursued
  • Philodrill’s participation in the DOE’s latest contracting round
Production Operations

Crude oil production from the Galoc field continues although at lower volume, now averaging 2,100 barrels of oil per day.  Production comes from 3 wells, one of which is currently on cyclic scheme.  Field operator Galoc Production Company (GPC) continues to address the current situation in well G-4, presently shut-in since early January, through different methodologies aimed at resuming production.  Overall, GPC continues to implement measures with the end view of improving and optimizing well production to realize potential additional upside crude oil volumes from the field. more info

Corporate Social Responsibility

"To improve the lives of the people by creating employment, generating revenues for the government at the same time protecting the environment."

Corporate Social Responsibility

AS part of our continuing efforts to uplift the quality of education in our country, the company donated the installation of the roof on the activity field of Our Lady of Lourdes Academy in San Jose del Monte, Bulacan.more info ...




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2018 Annual Report Magazine