PH proceeding with Reed Bank project

The Department of Foreign Affairs (DFA) on Monday said oil drilling operations at Reed Bank will continue as planned despite China’s warning.

Charles Jose, Foreign Affairs spokesperson, said in a news briefing that an arbitration case filed by the Philippines against China because of overlapping claims in the West Philippine Sea (South China Sea) will not affect the project to be carried out by Forum Energy, which is controlled by business tycoon Manuel Pangilinan.