Oriental Petroleum and Minerals Corporation is an exploration company. The Company is engaged in exploring, developing and producing petroleum and mineral resources in the Philippines. It operates in the oil exploration and development segment. The Company's operational activities depend principally on its Service Contracts with the government. The Company, together with other oil exploration companies, enters into a Service Contract (SC) with the Philippine Government, through the Department of Energy (DOE), for the exploration, development and exploitation of certain contract areas situated in offshore Palawan. The principal properties of the Company consist of petroleum exploration areas in the Philippines, onshore and offshore. Its subsidiary, Linapacan Oil Gas and Power Corporation (LOGPOCOR), conducts the business relative to the exploration, extraction, production, transporting, marketing, utilization, conservation and stockpiling of any forms of energy products and resources.