Friday, June 6, 2014

New Zealand, Philippines:

GNS Sciences and Energy Development Corp. Sign MOU (Philippine Star)

Three New Zealand companies announced yesterday partnerships in the Philippines as part of a three-day mission to the country this week led by New Zealand Minister of Trade Tim Groser.

GNS Sciences and Energy Development Corp. (EDC), the Lopez-led geothermal company, signed a Memorandum of Understanding (MOU) for the provision of advisory services by GNS to help in EDC’s existing operations.

EDC executive vice president Ernie Pantangco said the MOU would help EDC in evaluating its reservoir and improving as an international company.

“It would help assess our reservoir and improve our processes,” Pantangco said.

GNS Science provides earth, geoscience and isotope research and consultancy services to create economic, social and environmental benefits.

Both GNS and EDC work together on Philippine steam field development as well as EDC’s geothermal interests in Peru, Chile and Indonesia.