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Trans-Asia Oil and Energy Development Corporation (Trans-Asia) was established by Philippine Investment Management, Inc. (www.phinma.com.ph) on September 8, 1969.
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Current Chairman Ramon V. del Rosario, Sr. is one of the founders of Trans-Asia (seated, 2nd from left)
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Trans-Asia is PHINMA's second major involvement in the field of energy. In 1959 PHINMA established Filoil Refinery Corporation, the first oil refinery managed and controlled by Filipinos. At the height of the world oil crisis in 1973, the Philippine government acquired Filoil and made it a part of Petrophil Corporation, now Petron Corporation.
In both Filoil and Trans-Asia, the vision was to create a vehicle for building the nation's economy through self-reliance in energy.
The history of Trans-Asia reflects that of the Philippine petroleum exploration industry, with periods of moderate activity and times of significant successes. The company was in the consortium that produced oil in Cadlao in 1981. The Cadlao field produced 11 million barrels of oil in the 1980s.
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Flaring of Cadlao discovery
well sometime in the late 1970s.
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In 1987, it led the first all-Filipino consortium to drill and produce oil from a high-angle directional well in the Tara field. The Company also joined a consortium in 1988 that produced oil from the North Matinloc field.
Since then, Trans-Asia has continued to be active in some of the most important exploration plays, particularly in large and high potential areas.
To balance its involvement in the high-risk business of petroleum exploration, Trans-Asia invested in other industries such as cement manufacturing, coal trading and power generation, in order to maintain its financial viability. As a result of diversification, it gained greater financial resources that strengthen it as a corporation
and further support its commitment to energy development.
Trans-Asia currently has investments in power generation (by itself and also through Trans-Asia Power Generation Corporation), renewable energy (Trans-Asia Renewable Energy Corporation), real estate (Bacnotan Industrial Park Corporation and the PHINMA Plaza), and mineral exploration.
Trans-Asia is listed in the Philippine Stock Exchange.
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Current Events
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Operations
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11th Floor, PHINMA Plaza, 39 Plaza Drive, Rockwell Center, Makati City, 1200, Philippines
| Tel: +63 2 8700100 | Fax: +63 2 8700433
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