Australia- based upstream oil company Gas2Grid Limited is planning to undertake three exploration projects located onshore Cebu Island: a workover of Malolos-1, which involves the removal and transfer of tubes from Nuevo Malolos-1, as well as soil and gas flow testing; exploratory drilling at the Gumamela-1 prospect; and exploration at the Jacob-1 well. Gas2Grid holds the 750 square km Petroleum Service Contract 44, located onshore Cebu Island.