SHELL PHILIPPINES EXPLORATION B.V.

Company Introduction: SHELL PHILIPPINES EXPLORATION B.V. (SPEX)

SHELL PHILIPPINES EXPLORATION B.V. (SPEX) is a Dutch-registered upstream company of Shell, primarily engaged in the exploration, development, and production of oil and natural gas in the Philippines.

SPEX is neither a factory nor a trader in the conventional sense. It is an exploration and production (E&P) company, often referred to as an upstream company. Its core business involves discovering and extracting natural resources (oil and gas) from beneath the earth's surface or seabed. These extracted resources are then processed (to separate gas from condensate, for example) and sold as raw materials, primarily for power generation (like the Malampaya gas project) or other industrial uses. Therefore, it is best categorized as a producer and extractor of raw materials, rather than a manufacturer (factory) or a pure commodity trader.

SHELL PHILIPPINES EXPLORATION B.V. primarily produces or sells the following products:

Crude Oil

Natural Gas