Heritage Petroleum's $570 Million Offshore Contract Faces Industry Scrutiny

Heritage Petroleum Co. Ltd. is under scrutiny from industry insiders regarding a $570 million contract for an offshore production and compression facility. The facility is intended to process oil and gas from the West/Southwest Soldado fields. Heritage has defended its decision to use a limited bidding process, excluding international suppliers, but this has raised significant concerns due to the project's magnitude and complexity. An internal document reveals that three local companies pre-qualified: TOSL Engineering, Namalco Construction Services Limited, and Anti-Corrosion Technical Services Limited (ACTS). The contract is for a five-year lease, aligning with Heritage's strategy to outsource services. Insiders question the limited bidding process, citing regulations that typically mandate open bidding unless specific conditions are met. Concerns have also been raised about the rapid pre-qualification approvals for two contractors, with one application reportedly approved in under two hours. Furthermore, questions linger about whether ACTS and Namalco possess the proven operational experience required for such a complex project.

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We noticed that one of the contractors submitted an application for pre-qualification on February 13, 2026, at 10.04 a.m., and it was approved at 11.32 a.m., just one hour and 28 minutes later, by someone within the company. Another contractor submitted its application on December 11, 2025, and received pre-qualification approval seven days later.