Oriental Petroleum and Minerals Corporation

What Oriental Petroleum and Minerals Corporation does

Oriental Petroleum and Minerals Corporation (OPMC) is a Philippine-based upstream petroleum and minerals exploration company incorporated in 1969 and listed on the Philippine Stock Exchange under ticker OPM. The company is headquartered in Pasig City, Metro Manila, and its operating focus is concentrated on offshore concessions in the Northwest Palawan basin, one of the more prospective hydrocarbon regions in the Philippines. OPMC is not a producing operator of scale at present; the company functions primarily as an asset-holding and concession-management entity, with a small headcount band of 11-50 employees. Its business model is tied to the exploration, appraisal, and (where applicable) production of oil and gas from Philippine offshore acreage, with revenues — when realized — derived from the sale of crude or natural gas to downstream offtakers, typically Philippine refineries or the national oil company.

The company's ownership and governance structure is dominated by two of the Philippines' most prominent diversified conglomerates: the Gokongwei family (linked to JG Summit Holdings) and the Coyiuto family. This ownership profile means OPMC operates within a broader conglomerate ecosystem that provides access to capital, shared corporate services, and regulatory relationships, but also subjects the company to the strategic priorities of these controlling shareholders. The board composition reflects this, with directors drawn from JG Summit-related entities and the Coyiuto family retaining chairman-level representation.

Technically, OPMC is a conventional upstream E&P business — its underlying technology is geological and geophysical subsurface evaluation, exploratory drilling, and (historically) production operations. No proprietary technology platforms, digital product lines, or technology partnerships are disclosed in the available material. The capital structure is unusual: approximately 200 billion shares were outstanding as of March 31, 2015, reflecting a highly sub-divided equity base typical of long-listed Philippine holding entities. Customer-facing activity is limited given the asset-holding posture, and no customer logos, offtake agreements, or revenue splits are publicly disclosed.

Name

Oriental Petroleum and Minerals Corporation

Legal name

Oriental Petroleum and Minerals Corporation

Website

https://opmc.com.ph

Company type

Public

Founded year

1969

Operating status

Operating

Headcount range

11–50 employees

Short description

Oriental Petroleum and Minerals Corporation is a Philippine upstream petroleum and minerals exploration company listed on the PSE (ticker: OPM), holding offshore concessions in the Northwest Palawan basin and controlled by the Gokongwei and Coyiuto families.

Ownership category

akta.pro rank

Product category

Oil and Gas Exploration & Production

NAICS

Oil and Gas Extraction (2111), Crude Petroleum Extraction (21112)

SIC

Crude Petroleum & Natural Gas (1311), Oil & Gas Field Exploration Services (1382)

akta.pro primary industry

Drilling & Well Construction (E&P Operator-led) (EUALAAAD)

Keywords

• Upstream petroleum exploration
• Oil and gas production
• Offshore drilling
• Hydrocarbon exploration
• Mineral resources

Headquarters

HQ city

Pasig

HQ country

Philippines

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Infrastructure

Distribution channels1 record

Core offering

Oriental Petroleum and Minerals Corporation is a Philippine-based exploration and production company engaged in upstream petroleum activities, including the exploration and production of oil and gas resources. Its petroleum operations are located mostly in offshore Northwest Palawan, Philippines, with the company functioning as a local upstream operator in the Philippine oil and gas sector.

Product overview

Oriental Petroleum and Minerals Corporation (OPMC) is an upstream petroleum exploration and production company operating in the Philippines. The company conducts offshore petroleum operations primarily in the Northwest Palawan area. Based on the source materials, OPMC does not appear to offer a technology product or software platform—it is a traditional oil and gas E&P company whose business is petroleum exploration and production activities, with publicly available corporate governance, SEC filings, and investor relations information on its website.

Differentiator

Problem solved

Functional benefit

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves3 records

Expansion highlights2 records

Direct peers

• PXP Energy Corporation: PSE-listed Philippine upstream oil and gas company with offshore exploration interests, including in the Northwest Palawan basin. Direct comparable in terms of country, basin focus, and small-cap public E&P model.
• Forum Energy plc: UK-listed upstream company with material Philippine offshore exploration acreage, including Service Contract 72 in Northwest Palawan. Directly comparable operator in the same basin as OPMC.
• Philodrill Corporation: Philippine upstream oil and gas company with offshore Palawan operations. Closest small-cap PSE-listed E&P peer to OPMC in terms of asset geography and operational scale.

Regional players

• Hibiscus Petroleum Berhad: Malaysia-listed small-to-mid cap upstream E&P company operating in Southeast Asia. Comparable in market positioning and scale to OPMC, though focused on Malaysian and UK assets rather than Philippine acreage.
• Jadestone Energy plc: Asia-Pacific focused small-cap E&P operator with offshore production assets. Comparable in size and operator profile to OPMC, providing a regional benchmark for small-cap upstream valuations.

Broad incumbents

• Phinma Energy Corporation: PSE-listed Philippine energy company that has historically participated in upstream oil and gas projects. Larger and more diversified than OPMC but operates in the same Philippine upstream sector.
• PetroEnergy Resources Corporation: PSE-listed Philippine energy company with upstream oil and gas operations, plus downstream renewables. Larger and more diversified than OPMC but operates in the same Philippine upstream space.

Emerging players

• Astro Philippines: Philippine-listed holding with energy and mining interests, including upstream oil and gas participation. Adjacent peer operating in the same Philippine resource development ecosystem as OPMC.
• Rex Energy (Philippines): Philippine-based upstream oil and gas operator with exploration and development activities in the Philippines. Comparable small-cap domestic E&P operator in the same regulatory environment as OPMC.

Others

• Service Contract 14C-1 Consortium (Galoc operators): Operator consortium (NOC/Philodrill and others) producing from the Galoc oil field in Northwest Palawan. Same basin and same operating environment as OPMC, providing a service-contract ecosystem comparable.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Oriental Petroleum and Minerals Corporation