Seaoil Philippines, Inc., stylized as SEAOIL Philippines, is a fuel company that started in 1978. The Filipino-owned company offers fuel products ranging from automobile gasoline to industry-specific lubricants and services such as storage and shipping.

History

Seaoil Philippines was founded in 1978 by Francis Yu where it was engaged in offering storage facilities for petroleum and

petrochemical Petrochemicals (sometimes abbreviated as petchems) are the chemical products obtained from petroleum by refining. Some chemical compounds made from petroleum are also obtained from other fossil fuels, such as coal or natural gas, or renewable sou ...

based products. A few years later, it expanded its operations by creating a niche in the wholesale

petroleum Petroleum, also known as crude oil, or simply oil, is a naturally occurring yellowish-black liquid mixture of mainly hydrocarbons, and is found in geological formations. The name ''petroleum'' covers both naturally occurring unprocessed crud ...

market. In 1988, the company partnered with Paramins to develop

lubricants A lubricant (sometimes shortened to lube) is a substance that helps to reduce friction between surfaces in mutual contact, which ultimately reduces the heat generated when the surfaces move. It may also have the function of transmitting forces, t ...

. In anticipation of the

oil An oil is any nonpolar chemical substance that is composed primarily of hydrocarbons and is hydrophobic (does not mix with water) & lipophilic (mixes with other oils). Oils are usually flammable and surface active. Most oils are unsaturated ...

market deregulation in 1996, Seaoil Philippines was established, becoming the first independent fuel company to open a retail station. From one station opened in 1997, Seaoil now has over 300 stations, making it the 5th independent fuel company in the

Philippines The Philippines (; fil, Pilipinas, links=no), officially the Republic of the Philippines ( fil, Republika ng Pilipinas, links=no), * bik, Republika kan Filipinas * ceb, Republika sa Pilipinas * cbk, República de Filipinas * hil, Republ ...

. In December 2017, SEAOIL entered a strategic partnership with

Caltex Australia Caltex is a petroleum brand name of Chevron Corporation used in the Asia-Pacific region, the Middle East, and Southern Africa. It is also the brand name of non-Chevron petroleum companies in some countries (such as New Zealand, and previously A ...

(now Ampol). As part of the partnership, Caltex Australia would supply oil to SEAOIL via its fuel trading and shipping business, Ampol Singapore, while Caltex Australia would take up a 20% equity interest in SEAOIL. Caltex Australia's acquisition of the 20% equity interest was completed in March 2018.

Products

Seaoil gasoline products are compliant with the Biofuels Act of 2006, which mandates the blending of 1 percent CME (coco-methyl ester) for all diesels in May 2007 (upgraded to 2 percent in 2009), and blending of 10 percent

ethanol Ethanol (abbr. EtOH; also called ethyl alcohol, grain alcohol, drinking alcohol, or simply alcohol) is an organic compound. It is an Alcohol (chemistry), alcohol with the chemical formula . Its formula can be also written as or (an ethyl ...

into gasoline and other product lines in 2009. SeaOil Kalibo gas station

Fuel

* Extreme 97 * Extreme 95 * Extreme U * Exceed Diesel *

E85 E85 is an abbreviation typically referring to an ethanol fuel blend of 85% ethanol fuel and 15% gasoline or other hydrocarbon by volume. In the United States, the exact ratio of fuel ethanol to hydrocarbon may vary according to ASTM 5798 that ...

(Available at the Pasig Boulevard Station)

V.I.P. Card

The Seaoil V.I.P. (Values, Incentives and Privileges) Club is a loyalty program that gives rewards and incentives to its members through point-per-purchase system.

Seaoil Price Lock Fuel Prepaid Card

The Price Lock Fuel Prepaid Card was introduced by the company to address the uncontrollable weekly price increases of oil products in mid-2008. It allowed consumers to buy unleaded gasoline and for a fixed price. Due to the positive response of the market, the promo validity of the card was extended. In 2011, Price Lock cards were sold again due to the weekly oil price increase in the market.

References