FEC Resources Inc. engages in the exploration and development of oil and gas properties in the Philippines. It holds 70% interest in the Service Contract 72 (SC) Recto Bank covering the Sampaguita natural gas discovery in offshore West Palawan; minority interests in the SC 6 and SC 14 sub-blocks in offshore Northwest Palawan; and 100% operating interest in SC 40 North Cebu. The company was incorporated in 1982 and is headquartered in Vancouver, Canada. FEC Resources Inc. operates as a subsidiary of PXP Energy Corporation.