“Under the terms of the force majeure, all exploration work at SC 75 shall be immediately suspended effective from the end of its first sub-phase (SP-1) on Dec. 27, 2015 until the date the DOE notifies PERC to resume petroleum-related activities,” the disclosure read.
Earlier this year, the DOE granted a force majeure on SC 72 in Recto Bank and SC 58 also due to territorial disputes between the Philippines and China.